Home > 2012 > Managing Debt > Debt Diva: The Cost of Changes – and Keeping Peace – in the Family

Debt Diva: The Cost of Changes – and Keeping Peace – in the Family

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I still work 10-12 hours a day including weekends; I take work home. Shoot me now!  (Okay, not literally!)

I pay for 2-3 meals a day out of the house, daily. I spend more working than at home. I can’t eat my lunch in a meeting in front of a CEO. I am out of the house from 6 a.m. until 6 p.m.  Anyone have any suggestions for reducing meal costs??

Credit card debt—I have none. I am trying to tease my credit score by charging then paying off charges immediately. My credit card utilization is a bit low—so I will have to refrain paying off debt within an hour or two of incurring debt.

My credit score is stagnant, but it rocks. Emergency savings: my goal was $2,000. I have saved $6,000. I dump spare change and remaining checking balances into emergency savings. In emergencies, I loan myself cash. I then repay my emergency savings.

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My daughter drives a Prius, so I make her drive to eat, to shop, to do whatever. My car goes 5.5 miles in each direction to work and back. It is an economy car, but her car gets better mileage, so we use her car for most trips. It works for me, since I am saving, and most of her mileage is reimbursed.

My spending this week was not so good. My mother has Alzheimer’s—she is in an advanced stage. My sister and niece flew here. I paid for a long weekend of food. It was around $200 for the weekend. Much less expensive that their flights, but I have expenditures daily, weekly and monthly when I am the only one here caring for my mother. Is family peace worth extra expenditures?

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My mortgage payment is double what I spent before and it still hurts. I doubled it to pay off debt faster, and it is the total of the monthly credit card payments I used to have. My checks are bi-weekly and the check that I pay my mortgage from seems really tight. It is just mathematics—I am not starving. I need to learn to save the prior check so it does not seem to be such a huge expense. I will get there—hopefully sooner rather than later.

My newest dilemma—my daughter is changing jobs. She is going from a bi-weekly to a monthly paycheck. She mentioned recently that I will need to cover her. It is obviously time for a long conversation about earnings and expenses.

My other major expense in the near future—I will be traveling to Seattle to visit my son and his wife. They purchased a new home and I am going to help them settle and do DIY projects. I will cover flights and care of my dog. It is so hard to part with cash after making such an effort to save for so many months!

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Image: Sarah G, via Flickr

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