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So far so Good

November 16th, 2012 at 12:34 pm

Well I've been looking for a personal finance software that would allow me to budget for the present and the future. I use to have Microsoft Money but I didn't really like the way it would try to get you out of debt although I did like the look of the interface that was used with it.

Well after much searching I've found what I'm looking for because when I get home I'll need a budget that will get me out of debt as well as plan for the future: youneedabudget.com otherwise known as ynab.com

I'll have to purchase it just before I get home so that it's waiting for me and ready to use. It's one of the reasons that I can't wait to get home because I'll start a new chapter that is about getting me out of debt, saving money, and buying/building my own home.

I want to be an independent woman and proud of where I am financially. Don't get me wrong, I'm proud that I have four less collections to worry about. I'm proud that I've paid off three credit cards and I'm proud that I'm going to continue to pay off other bills while saving money.

I'm especially proud of the fact that I've saved about $3,000 and counting.

But I wouldn't be able to do all of this without my parents. I've only been able to do this since I've been in the military which has been one year now. My parents have basically been solely taking care of my finances.

I didn't have access to them and still really don't while I'm here. When I get back home I'll have to dive into my finances and continue the awesome job that my parents have done.

Because of them I've been able to afford higher rent for my apartment and a new-to-me car. Yes, my rent is higher ($600) but it includes a 24/7 gym, 24/7 computer room, internet for my apartment, wood floors, furniture, my own laundry room and cable (HBO, etc). Water is $10/mo and the electricty is less than $40/mo so far. Renter's insurance is about $15/mo. So I can pay as little as $650/mo for my apartment.

I DID have to buy a new vehicle because my car wouldn't have made it to my duty station much less 5 miles down the road.

My new vehicle is a 2004 Sorento. It already has a tow package and roof rack AND it was in my favorite color!! It only had 75,000 miles on it at the time and I found it. Of course I asked my parents if it was a good by ($10,000 loan approximately) and they agreed especially since it's an SUV compared to the 1995 Altima that I had.

I do pay on it bi-weekly so that I don't pay that much interest. I already have a high rate on it already and I'm looking forward to refinancing it to get a lower rate and my parents off as co-signers ASAP.

My youngest brother (I'm the baby of six kids) has also helped me out whenever he can. I always ask him for advice about men and money and anything else that I think he can help me with.

Without my family I don't know where I'd be. I know not in as good a position of where I'm currently at. I'd be living paycheck to paycheck. But now I don't have to worry about that anymore. There has been a HUGE relief for me.

I love my family! THANK YOU!!!!

5 Responses to “So far so Good”

  1. creditcardfree Says:
    1353072099

    Quite a few people here use YNAB, even a good friend of mine uses it. I hope it works well for you when you return. How much more time do you have over there?

  2. Wino Says:
    1353072833

    Thank you for your service. You can set yourself up for life if you can stay in until retirement, as well as learning new and useful skills that can transfer to civilian jobs when you get out. My father is in his late 70's and living a very good retirement off of his military pension.

  3. Sian Says:
    1353075193

    I've got about 4-5 months left. Can't wait to be home.

    Thank you for the support! I plan on being career (20-25 years). I come from a military family (several generations) so I definitely know the benefits of a military pension.

  4. FrugalTexan75 Says:
    1353112956

    YNAB is a great program/methodology. I've used it for quite a few years.

  5. Sian Says:
    1353116041

    I'm wanting to buy the cd from them. Sometimes my computer just goes kaput and it's best to have a cd to re-install.

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