Confessions of a Laid-off Lawyer

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

Posts Tagged ‘day of accounting

Twelfth Day of Accounting

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Total Black: $109.30

Here’s the Breakdown:

Primary Checking: $12.21
Secondary Checking: $80.64
Savings: $5.50
PayPal Account (Personal): $0.00
PayPal Account (Blog): $0.00
Amazon Payments Account: $0.005
Mutual Funds Account: $0.00

FICO Score 513

Total Red: $270,527.19

Here’s the breakdown:

Credit Card Debt:

Master Card: $4,699.50
Visa: $7,651.50
Visa: $4,000.00
American Express: $2,382.10
Raymour & Flanagan Credit Line: $6,340.68
Saks Fifth Avenue Credit Card: -$0.10

Student Loan Debt:

Federal Stafford Loans: $94,504.20
Private Student Loans: $31,610.26

Back Taxes:

IRS (2007): $0.00
IRS (2008): $27,041.05
IRS (2009): $0.00

NY State (2008): $0.00
NY State (2009): $0.00

Other Loans:

My mother: $72,000.00
My sister: $1,800.00
Auto loan: $18,498.00

Well, there it is.  The good, the bad, and the ugly.  All laid out.  And that’s about as “bad” and as “ugly” as it’s gonna get.  But certainly not as good.  Keep reading . . .

Supplemental Day of Accounting

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Total Black: $85.38
Total Red: $243,602.66

Total Red is down from earlier this week—all-time high of $246K.  But it’s up from yesterday’s post: My First Car.  And all numbers are up from my Eleventh Day of Accounting, so I thought perhaps I’d update my numbers before the 10th of the month, especially because of the recent changes to my finances.  An abbreviated version follows below: Keep reading . . .

Eleventh Day of Accounting

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Total Black: $844.57

Here’s the Breakdown:

Primary Checking: $323.89
Secondary Checking: $115.85
Savings: $9.46
PayPal Account (Personal): $395.37
PayPal Account (Blog): $0.00
Amazon Payments Account: $0.005
Mutual Funds Account: $0.00

FICO Score 502

Total Red: $240,126.52

Here’s the breakdown:

Credit Card Debt:

Master Card: $4,505.33     [down $1,125.21 from August 2009]
Visa: $7,649.67     [down $213.00 from August 2009]
Visa: $4,912.54     [down $154.42 from August 2009]
American Express: $2,325.36     [down $42.04 from August 2009]
Raymour & Flanagan Credit Line: $6,340.68     [up $692.93 from August 2009]
Saks Fifth Avenue Credit Card: $412.23     [not listed in August 2009]

Student Loan Debt:

Federal Stafford Loans: $94,504.20     [no change from August 2009]
Private Student Loans: $31,664.44     [down $2,504.06 from August 2009]

Back Taxes:

IRS (2007): $1,438.11     [down $792.49 from August 2009]
IRS (2008): $28,275.80     [up $797.07 from August 2009]
IRS (2009): $2,840.00     [not listed in August 2009]

NY State (2008): $0.00    [down $2,846.59 from August 2009]
NY State (2009): $2,785.00     [not listed in August 2009]

Other Loans:

My mother: $49,473.16     [up $9,473.16 from August 2009]
My sister: $3,000.00     [not listed in August 2009]

This month—for the first time—I decided to compare the changes in the numbers from August 2009 when I first posted my stats, back in Day of Accounting.  Looking at everything laid out like this really brings the reality home.  Keep reading . . .

Written by Laid-off Lawyer

June 10, 2010 at 22:51

Tenth Day of Accounting

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Total Black: $2,940.82

Here’s the Breakdown:

Primary Checking: $2,937.02
Secondary Checking: $0.00
Savings: $3.09
PayPal Account (Personal): $0.71
PayPal Account (Blog): $0.00
Amazon Payments Account: $0.005
Mutual Funds Account: $0.00

FICO Score [pending]

Total Red: $234,907.81

Here’s the breakdown:

Credit Card Debt:

MasterCard: $5,000.00
Visa: $7,837.42
Visa: $4,794.08
American Express: $2,435.26
Raymour & Flanagan Credit Line: $6,340.68
Saks Fifth Avenue Credit Card: $370.18

Student Loan Debt:

Federal Stafford Loans: $94,504.20
Private Student Loans: $31,813.92

Back Taxes:

IRS (2007): $1,438.11
IRS (2008): $28,275.80
IRS (2009): $2,840.00

NY State (2008): $0.00
NY State (2009): $2,785.00

Other Loans:

My mother: $46,473.16

Umm . . . yeah . . . so . . . total red is clearly going the wrong way.  And I don’t foresee an opportunity anytime soon to stop it.  But that’s ok because sometimes you need to let something bleed out first.  Keep reading . . .

Written by Laid-off Lawyer

May 10, 2010 at 23:12

Ninth Day of Accounting

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Total Black: $1,942.16

Here’s the Breakdown:

Primary Checking: $1,400.09
Secondary Checking: $539.00
Savings: $2.36
PayPal Account (Personal): $0.71
PayPal Account (Blog): $0.00
Amazon Payments Account: $0.005
Mutual Funds Account: $0.00

FICO Score 506

Total Red: $229,689.31

Here’s the breakdown:

Credit Card Debt:

MasterCard: $5,588.01     [Minimum payment for April = $214.00.  APR 27.24%]
Visa: $7,689.56     [Minimum payment for April = $292.00.  APR 27.24%]
Visa: $5,039.00     [Card closed.  Minimum payment for April = $206.00.  APR 27.24%]
American Express: $2,400.23     [Minimum payment for April = $48.00.  APR 27.24%]
Raymour & Flanagan Credit Line: $6,340.68     [Account closed.  Entire balance due]
Saks Fifth Avenue Credit Card: $0.00

Student Loan Debt:

Federal Stafford Loans: $94,504.20
Private Student Loans: $31,940.56

Back Taxes:

IRS (2007): $1,438.11
IRS (2008): $28,275.80
NY State (2008): $0.00

Other Loans:

My mother: $46,473.16

Already my ninth day of accounting.  And, as requested in a comment by Anon, this month I’ve broken out my APR and minimum payments for the month for my credit cards.  Keep reading . . .

Eighth Day of Accounting

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Total Black: $219.05

Here’s the Breakdown:

Primary Checking: $28.50
Secondary Checking: $0.00
Savings: $2.22
PayPal Account (Personal): $2.91
PayPal Account (Blog): $100.08
Amazon Payments Account: $0.005
Mutual Funds Account: $85.34

FICO Score 506

Total Red: $226,635.41

Here’s the breakdown:

Credit Card Debt

MasterCard: $5,626.80
Visa: $8,160.00
Visa: $5,5,288.67
American Express: $1.537.62
Raymour & Flanagan Credit Line: $6,340.68
Saks Fifth Avenue Credit Card: $414.72

Student Loan Debt

Federal Stafford Loans: $94,504.20
Private Student Loans: $32,155.65

Back Taxes

IRS (2007): $1,438.11
IRS (2008): $28,275.60
NY State (2008): $0.00

Other Loans

My mother: $42,973.16 (+ additional $4,000 loan to help with February and March 2010 rent). Keep reading . . .

Written by Laid-off Lawyer

March 10, 2010 at 23:27

Seventh Day of Accounting

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Total Black: $585.56

Here’s the Breakdown:

Primary Checking: $0.00
Secondary Checking: $500.00
Savings: $0.00
PayPal Account (Personal): $1.05
PayPal Account (Blog): $3.58
Amazon Payments Account: $0.005
Mutual Funds Account: $80.93

FICO Score 487

Total Red: $228,999.10

Here’s the breakdown:

Credit Card Debt

MasterCard: $5,549.67
Visa: $8,128.78
Visa: $5,949.67
American Express: $417.64
Raymour & Flanagan Credit Line: $6,178.12
Saks Fifth Avenue Credit Card: $272.19

Student Loan Debt

Federal Stafford Loans: $96,810.17
Private Student Loans: $33,317.19

Back Taxes

IRS (2007): $1,285.85
IRS (2008): $28,116.66
NY State (2008): $0.00

Other Loans

My mother: $42,973.16

Seventh day of accounting, but only the sixth month in. Keep reading . . .

Written by Laid-off Lawyer

February 10, 2010 at 23:48