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Playing Catchup

April 21st, 2015 at 01:09 pm

Now that things have settled down on the tax front, and business has started picking up... it's time to play catchup! Time to start tackling those goals:

[ ] Pay A back for taxes ($4,800)
[ ] Save for EF ($2,000)
[ ] Pay down CCs (approx. $5,000)
[ ] Pay down Sallie Mae Loan (It's at $10,300ish right now. A constant battle...)

I also need to set up my estimated tax payments. So I don't end up with this problem next year.

That being said, I got a $1,400 payment in the mail yesterday (woo!) and have another about the same before the end of the week (woo again!). Right now I have about $2,645 to work with, and that second payment will bring me up to almost $4,000.

So now comes the matter of allocating money.

I'll pay my bills first, of course. Then I'll set aside the $1,656 I'll need for my Q1 estimated tax payment, and anything left goes to A. Next month I should be able to pay off the remainder of the tax money I owe - as I'll be *hopefully* finishing up a project that has a $7,000 value. My plan is also to put money into my savings next month. I don't have enough booked out for June and July to cover my expenses yet.

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In other news, I got an email from the readiness NCO at my former unit - my army contract ended back in November, and we're still trying to get my student loan payments in order. She sent me forms to fill out and I was confused, as I had just filled them out last year and hadn't seen a payment posted yet.

She said the new forms are for my final payment. So I'm going in there next week to finish up the final steps and get some timeframe for when the payments will be made. My contract included $18k in student loan repayment, which will eliminate about 30% of my debt. Not bad. Unfortunately, it will likely only cover my non-private loans (which are the ones without astronomical interest rates). But I'm certainly not going to complain. That's $18k I wouldn't have had otherwise! I just hope we finally get it in motion. I was in the military for 6 years, and that paperwork is such craziness that it hasn't been until now that we're starting to get it right. ugh.

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I think that's it for me now. I hope you all have a wonderful day!

1 Responses to “Playing Catchup”

  1. creditcardfree Says:
    1429624761

    So happy you get that repayment benefit for your service! But I so can relate to the cycle of paperwork in the military. It is terrible!!! I hope it is applied quickly and correctly this time around for you.

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