Life Update

Unfortunately, the universe seems to be out of alignment for all of us finance bloggers this week. It seems like one by one, we are all posting either a debt payoff delay or a posting delay due to life things. I do hope all our followers out there understand.

So here’s mine: I’m having a rough patch this week. As some of you know, I have depression, and this week has just been a down week for me, so my usual Monday-Friday series posts are going to be on hold until next week while I give myself a bit of a rest/get my life together/clean my house.

But I HAVE decided that starting (yesterday), I’m embarking on a financial fast (or as close to one as I can get). To make my end of July goal, things are going to have to be pretty tight for the next little bit here. My hours haven’t been adding up as expected, and while I’ll still be able to make my goal, it leaves me with very little left over from each paycheck. To make sure I stay on track, I’m taking on a new strategy for these next 2 months. Get paid: pay full amount budgeted for loan.

I have been making multiple weekly payments, $250 on Mondays and Wednesdays for $500/week, plus whatever I have “left over” in my budget.

A payment of $81.41 will be automatically deducted tomorrow for my student loan, because I get a 0.25% lower interest rate for allowing auto payments, and my other loan, while at a $0 balance, will take up to 30 business days to show paid in full, so I am still making a payments on it. The payment will be redistributed towards the remaining loan. I get paid this Thursday, June 4th, and I will pay $700 immediately. Then I will not be able to make another payment until June 18th. This means that I have a total of 5 student loan payments left, 9 more weeks on this federal financial journey.

After that, it’s the 11 month plan for the personal loan.

Thanks for sticking with me, guys. You’re the best. 

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What 2015 Graduates Need to Hear at the Commencement Address

Members of the graduating class, you who are about to receive your diploma should also receive an apology from this university and a refund of a large portion of the tuition you have paid.  You have been cheated, bilked, propagandized, and badly educated.  Your tuition has been much too costly, for which you can blame the federal government and the avarice of the university.

Every person in college or planning to go to college should watch this.

5 Ways Recent Grads Should Spend Their Money

Some things really are worth spending on – as long as you go about it in the right way:

1) Spend it on retirement by saving for it now.

2) Spend it on the thing that is most important to you.

3) Spend it on special events by saving a little bit at a time.

4) Save enough to cover three to six months of essential expenses in case of emergency.

5) Make sure you are paying at least the minimum balance on all your loans and more if you can.

Read more.

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So here’s a thing I did recently.

(sound by Christian Gagnon, narration by Simon Tremblay-Pepin)

Look, let’s be honest, I’m mostly proud that I animated what is essentially slenderman dropping a tiny dragon on a small child. It’s the simple things in life you cherish most.