Saturday, October 13, 2012

Holy Hiatus!!!

It's amazing what an unforeseen business trip can do.  I haven't been able to update this blog in a few weeks and I feel like I've lost some steam here.  An "emergency" developed at work, resulting in my extended travel to four cities over the course of the last two weeks.  Between flights, hotels, 10 hour days and everything else that life threw at me, I couldn't find 10 minutes to update the blog.

Unfortunately, with everything that's been going on, I haven't been able to attack my debt in the manner I wanted to.  My mini jackpots fell short last month, and are essentially non-existent this month so far.

And to top things off, I leave tomorrow for another business trip.  I'll return Wednesday evening. 

When do I get a break???

$18,...  ummmm.  Hell, I don't even remember. 

I still have a long way to go. 

Wednesday, September 26, 2012

Refinancing

Refinancing is a bitch.  My broker has called a handful of times, he's emailed me the 19 page application packet, he's mailed me two physical applications via snail mail, and now I'm dealing with the second mortgage company as well.  Paperwork, paperwork, paperwork.  We're getting a rate that is substantially lower than our current rate and will ultimately save us upwards of $300/month, but gathering the documentation and completing the forms has been taxing and time consuming.  I'm printing paystubs, pulling tax returns, looking up bank account balances, etc.  Do you think my soon-to-be-ex-wife is doing any of this?  Think she's helping at all?  Ummmmm, no. 

Now, in the latest round of headaches, I need a subordination letter from the second mortgage company.  Sounds simple enough, right?  Wrong.  I need to submit an application for subordination along with a $250 non-refundable application fee.  Why isn't anything easy?  Or cheap?

Have any of you refinanced?  Did you go through all of the same headaches I'm facing? 

You know, there's a cost of divorce that is rarely mentioned; personal time.  Over the course of the last several months, I've spent hours upon hours looking at homes, reading divorce paperwork, filling out forms for divorce, filling out forms for refinancing, talking to banks, calling financial institutions, cleaning for hours and hours for an open house, researching properties online and the list goes on.  Honestly, I can attribute at least 6-8 hours per week towards the divorce.  If divorce was not pending for us, these would valuable hours that I could spend doing something more productive or enjoyable.  So maybe it's an average of 25-30 hours per month that I can attribute towards divorce.  Since we decided to divorce, I have easily spent in excess of 200 hours doing the items mentioned above.  It's a lot of work.  It's a lot of stress.  It's time consuming.  It is not pleasurable.  But, I do know there is a light at the end of the tunnel.  It may be far away, but it's there.  Give me strength.


Saturday, September 22, 2012

Mini Jackpot #15

Keep them doggies rollin'!  Another mini jackpot today.  The baseball season is winding down and we had only one set of tickets left for the year.  Technically, the set belonged to my soon-to-be-ex-wife, but she got called into work, so she was unable to use them and gave them to me.  I have no desire to go to a game today, so I listed them on StubHub at 10:00 am this morning.  Within an hour, they sold for $20.00 each.  The pair sold for $40.00, and after StubHub's 15% rake, I walked with $34.00.  Not bad, considering the tickets weren't even mine.  I offered to split the money with my soon-to-be-ex-wife, but she said the $17.00 wasn't worth it.  Well, it is to me!  Of course, I will be applying this $34.00 towards the balance on Chase credit card #2.



$18,322.08 to go!!!

Friday, September 21, 2012

Mini Jackpot #14

I've written repeatedly about my love affair with my Capital One credit card.  There are some wonderful benefits to this card, but namely, I love it because of the 1% cash back rewards on everything.  When I started this blog a few months ago, I found that I had over $57 in rewards built up on this card, and I applied it towards my balance.  Well, since then, I've been charging everything I can, from the cable bill to my morning coffee, and paying off the purchases in full to avoid any interest.  Well, I'm happy to report that I've accumulated $18.78 in rewards.  It's not really a lot, but hey, $18.78 is better than nothing.  So today, while I was reviewing my statement, I redeemed my rewards and applied it towards my balance.  Mini Jackpot.  Boom!


$18,322.08 to go!!!

Tuesday, September 18, 2012

Some Random Thoughts

1)  Well, the readers have spoken.  The fate of my wedding ring has been determined.  It will be sold!  13 people voted.  10 voted YES, and 3 voted NO.  Secretly, I think I knew I would probably end up selling it either way, but it was fun to see how the general public would react and vote.  Now my next decision will be the timing of the sale.  As I reported, the price of platinum has increased over $200 in the last month or so.  I don't know much about precious metals, but perhaps I should look into some research.  If the value keeps rising, I may be better off waiting another month or two before I sell it.  Of course, like with any market, there is risk involved.  It could sink down to $1,200/ounce.  Can any of you offer any insight into this?


2)  We have started the process of refinancing our mortgage.  It's going to lower our monthly payment by a substantial amount and once the process is done, my soon-to-be-ex-wife and I will look for qualified, suitable renters.  We should be able to profit around $400/month, which we have agreed to put into an interest-bearing account in the event of an emergency or repairs or whatever.  Once we find someone to rent the house, we'll move out and start our new lives, separately.  As much as I hate what my soon-to-be-ex-wife did (see; six month affair), I can't help but become a bit emotional over this process.  This is the house we bought together seven years ago.  It's been my home for the last seven years.  And now, in just a few short months, I know I'll be moving out of it.  I have no idea where I'll be moving to, which is scary and exciting at the same time.  Emotions?  Check.


3)  This has been a slow month for mini jackpots.  I have a few in the works, but this may be my smallest month yet.  I've been steamrolling Chase credit card #2 and I'd like to continue this awesome momentum, but I need more jackpots!  Any suggestions? 


4)  Have you read www.nomoreharvarddebt.com?  Holy awesome story.  This dude has been featured in a lot of places and he has an awesome story.  I am envious. 

That's all, folks.

$18,322.08 to go!!!

Sunday, September 16, 2012

Yakezie Update

When I started this blog a few months ago, I had never heard of Yakezie and I had no idea what an Alexa ranking was.  I'm still not entirely sure I understand all of it, but I get the basics now.  Well, I joined the Yakezie challenge a few weeks ago and I started off with a ridiculous Alexa ranking.  After a few short weeks, I am now at 2,020,495!  That's a drop of over 5,000,000.  I'm actually quite proud of myself and I'm looking forward to breaking below 1,000,000 in the next month or so.  I imagine the train will slow at some point, but for now, it's full steam ahead.  There are personal finance blogs out there that blow my little ramblings out of the water, but for someone who has zero blogging experience, I'm happy.

With all of this being said, I didn't start this blog to achieve a certain ranking, publicity or whatnot.  I just wanted a place to journal my debt war. 

I hope all of you are enjoying your weekend.  I hope you're watching football and relaxing and not worrying about tomorrow.

Thursday, September 13, 2012

My Wedding Ring

Well, there are only two days left to vote for the fate of my wedding ring.  As it stands right now, 13 people have voted.  10 have voted that I sell the ring.  3 have voted that I don't sell the ring. 

Does anyone have any knowledge in this area?  Realistically, what is the value of my platinum ring?  In my original post, I had estimated it to be worth $1,200-$1,500, however, after a bit of research, I realized how grossly over-estimated that was.  I think it's more likely to be in the $300-$500 range.  At the time of this post, platinum is at $1,663 per ounce.  A month ago, platinum was hovering around the $1,400 price range, so it's seen a nice spike over the last 30+ days.  I honestly don't know what is causing this jump as precious metals is something I know absolutely nothing about.  And quite frankly, I don't particularly care to learn about precious metals. 

Is now the time to sell?  Should I wait to see if the price continues to increase to squeeze every last penny out of my ring?  What's causing this increase in platinum prices?  Damn, I have so many questions.   Help me out guys!


 
 
 
$18,322.08 to go!!!