Confessions of a Laid-off Lawyer

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

Posts Tagged ‘Dunkin Donuts

Financial Loneliness

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Total Black: $536.54
Total Red: $230,773.68

One common response from a number of commenters, readers, and other regular viewers—more so of late than previously—has been to formulate a budget or a come up with a plan of spending.  I’m not, on principle, adverse to the advice.  I understand the need to plan and budget accordingly.  And I can own that I have let myself go a bit these past two weeks, especially as opportunities to socialize surfaced through the theatre gig.  But there’s always a way to tighten our financial belts.  But as I got to thinking about planning and budgets, and started writing this post, something entirely different surfaced.  Something unexpected but vital to getting my spending under control. Keep reading . . .

A New Day Has Dawned

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Total Black: $450.75
Total Red: $230,611.32

Unemployment benefits came through overnight.  New York state pays $405 a week maximum regardless of how much you earned last year.  Given that I owe back taxes, I’ve opted to have federal income tax withheld from my unemployment payments.  That means I net about $385 or so.  Three hundred of that is already promised in checks I cut this morning.  $199.61 to the law firm I worked for, for my monthly COBRA payment.  I also sent $50 to SallieMae and another $50 to a credit card.  That leaves me with approximately $85 until next week’s $405.  But I’ve been making ends meet on less, so that’s a near jackpot.  I have to use some of that for dry cleaning.  The rest will probably go for food.  That’s alright though.  Rent’s already been paid.  Living in Manhattan I don’t really have commuting expenses.  Utilities aren’t paid for yet, but that can wait until next week.  And I do have the interview later today for the temp job.  Things are stable for the moment.  Keep reading . . .

First Things First

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Total Black: $1013.98
Total Red: $230,649.18

First paycheck from my first real doc review job came through today.  The check I referenced in Pay Day was for contract attorney work, but not document review work.  Unfortunately, I don’t have a whole lot of money to work with, but that’s because we didn’t work a full week last week.  Next Friday’s paycheck should be substantial.  Typically on the morning I got paid, in a sleepy morning stupor (or even sometimes in a half-alert middle-of-the-night disorientation), I’d determine which bills to pay and for how much.  More often than not, my paycheck would be distributed to various creditors within hours of it hitting my bank.  I’m not going to do that today, even though the urge to is nearly overwhelming.  Instead, I’m going to send a little bit to everyone.  Making the minimum payments on even two credit cards or on my cellphone and electricity bills would pretty much wipe out income for the week.  Then I’d be back to Spaghetti-Os.  Yesterday’s stroll down Memory Lane, hand-in-hand with Chef Boyardee, was enough.  Plus I need to keep the bulk of this check for rent, which hasn’t been paid yet.  Keep reading . . .

Written by Laid-off Lawyer

October 2, 2009 at 07:34

Feelings and Finances

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Total Black: -$95.85
Total Red: $228,454.60

Just feelings.  Nothing more than feelings.  Feelings of . . . finances?  Come again?

I started reading Suze Orman’s The Courage to Be Rich: Creating a Life of Material and Spiritual Abundance.  It’s good.  Really good.  Although the subtitle pretty much sums it up, some complain that it doesn’t contain enough strategic financial advice.  Well, that’s not what I’m seeking here.  So this book, it turns out, is just what the doctor ordered.  And just pages in, Suze Orman assigns you the task of considering your feelings about your financial situation.  How do you feel about your finances, she wants to know.  “I want you to address your emotions honestly,” she writes, “and commit your thoughts and feelings to paper.  If you don’t have the money to pay your bills, write down how it feels not to have enough money.  If you’re in debt, write down how that feels.  If you have far more money than your friends, write down how that feels.”  What better place than here to follow her advice? Keep reading . . .

If You Find Yourself in a Hole

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Total Black: $453.01
Total Red: $228,517.33

Just realized that total black never includes any cash in hand.  I suppose that’s ok since I rarely carry cash (even when I have money).  Another update: I interviewed today for an art sales position.  It’s a temporary gig tied to an exhibit here in Manhattan.  The hook: all the sellers have been displaced somehow by the Great Recession.  Check out the website: www.recessionartsale.com Great idea.  You’ll be sure to hear if I get selected. Keep reading . . .