Confessions of a Laid-off Lawyer

Just Your Average Joe Blogging Away His Debt—In One Year or Less

Posts Tagged ‘Amazon Payments

Fourth Day of Accounting

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The 10th of the month has arrived already and with it comes my fourth day of accounting.

Total Black: $64.23

Here’s the Breakdown:

Primary Checking: $0.06
Secondary Checking: $0.00
Savings: $0.00
PayPal Account (Personal): $0.22
PayPal Account (Blog): $0.00
Amazon Payments Account: $0.00
Mutual Funds Account: $63.95

FICO Score 497

Total Red: $230,977.94

Here’s the breakdown:

Credit Card Debt

MasterCard: $5,813.86
Visa: $8,268.35
Visa: $5,737.47
American Express: $2,398.31
Raymour & Flanagan Credit Line: $5,903.91

Student Loan Debt

Federal Stafford Loans: $96,810.17
Private Student Loans: $33,840.63

Back Taxes

IRS (2007): $1,280.08
IRS (2008): $27,952.00
NY State (2008): $0.00

Other Loans

My mother: $42,973.16

Total black this month is abysmal.  Keep reading . . .

Second Day of Accounting

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It’s the 10th.  My day of accounting.  Here’s this month’s breakdown:

Total Black: $462.36

Here’s the Breakdown:

Primary Checking: $347.14
Secondary Checking $0.00
Savings $0.00
PayPal Account (Personal): $4.62
PayPal Account (Blog): $48.25
Amazon Payments Account $0.74
Mutual Funds Account: $61.61

FICO Score 565

Total Red: $228,312.70

Here’s the breakdown:

Credit Card Debt

MasterCard     $5,700.00
Visa     $8,005.65
Visa     $5,413.38
American Express $2,448.00
Raymour & Flanagan Credit Line $5,698.98

Student Loan Debt

Federal Stafford Loans: $94,504.20
Private Student Loans: $33,986.57

Back Taxes

IRS (2007): $2,230.60
IRS (2008): $27,478.73
NY State (2008): $2,846.59

Other Loans

My mother: $40,000 (+ $8,000 she’s carrying on one of her credit cards–not added into total red).

Some progress, albeit slow.  Last month my FICO score was 562.  It went up by three points.  My total debt seems to have done down a lot since August 10th.  I think that was a mistake in my math.  There hasn’t really been any significant movement on either black or red since I started this blog.  Curious.  Two additions to total red: I’ve added in a PayPal account for blog donations.  As I noted in Getting Out of the Quicksand, I’m not touching those funds until there’s enough to pay off a bill (or until time on the project runs out).  The other addition is a mutual fund account I started reinvesting with.  Savings have to start somewhere.  Daily posts of total red include some amount, here roughly $60, that isn’t accessible but gets tailed on the plus side of the equation. Keep reading . . .

Day of Accounting

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Well . . . breakfast is complete.  The tea steeped and drunk already.  (And I’m about to start the coffee . . . generally don’t like coffee upon waking.)  And yet no blog.  But for good reason.

I began to blog, but then remembered that I needed my credit score and all the financial data first.  That took a bit of time and purchasing (having to pay for credit reports and scores annoys me).  So, now I begin again.  But first . . . an initial digression about the date (as the telephone just interrupted me), then another digression about money. Keep reading . . .