How Much Are You Paying To Borrow?

Thanks for the car advice, I just needed that nudge to do it :) I wrote my check out for the remaining value of my car. In a couple weeks, when the check gets applied through their computer system, I will be CAR DEBT FREE!!!!!! :) Still not student loan free though.

Car transactions to date:

Date
Type Principal Interest Total Pmt
11/5/2009 Monthly Payment $281.70 $27.71 $309.41
10/5/2009 Monthly Payment $281.51 $27.90 $309.41
9/5/2009 Monthly Payment $279.46 $29.95 $309.41
8/5/2009 Monthly Payment $278.36 $31.05 $309.41
7/5/2009 Monthly Payment $278.28 $31.13 $309.41
6/5/2009 Monthly Payment $276.15 $33.26 $309.41
5/5/2009 Monthly Payment $276.16 $33.25 $309.41 $717.43
4/5/2009 Monthly Payment $271.33 $38.08 $309.41
3/11/2009 Payment to Principal $3,416.84 $0.00 $3,416.84
3/5/2009 Monthly Payment $261.82 $45.25 $307.07
2/5/2009 Monthly Payment $255.06 $54.35 $309.41
1/23/2009 Payment to Principal $1,400.00 $0.00 $1,400.00
1/5/2009 Payment to Principal $50.00 $0.00 $50.00
1/5/2009 Monthly Payment Reversal $50.00 $0.00 $50.00
1/5/2009 Monthly Payment $50.00 $0.00 $50.00
1/5/2009 Monthly Payment $251.66 $57.75 $309.41
12/5/2008 Monthly Payment $252.56 $56.85 $309.41
11/5/2008 Monthly Payment $249.69 $59.72 $309.41
10/5/2008 Monthly Payment $250.64 $58.77 $309.41
9/5/2008 Monthly Payment $247.70 $61.71 $309.41
8/5/2008 Monthly Payment $246.73 $62.68 $309.41
7/5/2008 Monthly Payment $237.47 $61.35 $298.82
5/28/2008 Monthly Payment $224.07 $85.34 $309.41
4/25/2008 Monthly Payment $277.67 $42.33 $320.00






Total
$9,944.86 $898.43 $10,843.29

So at 3.9% interest, I already paid $898.43 in interest and $717.43 for just the first year.

A quick estimate is if I were to take what I originally borrowed and did this:

$16,000 * ((1.039)^1.5) = around $16,900 bucks so $900 in interest. I rounded my $16,000 and the 1.5 years.


Compounding forumula: Principal *( (1+rate in hundredths)^time)

Your units have to be uniform so if your rate is the yearly rate, make sure your time is in years.
No brainer, the formula should be committed to memory, it makes sense. Any time you're out somewhere and need to figure out compounded interest, pull out a little calculator and do it! Here's a way to never forget the formula:

If you started out in year one, 1,000 dollars of principal and had 10% compounded interest, you know that after 1 year you have 1,100. That is expressed like this: 1,000*(1+.10).

Second year, your principal amount is no longer 1,000. It is now 1,100, or 1,000*(1+.10). You take that and you grow it 10 percent which is (1+.10) times the new principal. So that is 1,000*(1+.10)*(1+.10). If you rewrite the formula, it's 1,000*(1.10)^2. Look! 2 is the number of years you compounded.

Likewise, 5 years of compounding is: 1,ooo*(1.10)*(1.10)*(1.10)*(1.10)*(1.10) or 1000*(1.10)^5. Easy right??

So that's how you can always remember the formula because it just makes sense if you build up from the start. Basically, I paid $898.43 to borrow around $16,000 for approximately a year and a half. How much was the money I was putting away into my emergency fund instead of paying off my car earning? $100 for a year. So I basically paid $798.43 to borrow $16K for a year and a half.

Save Coupons to Your Grocery Card!!

Woah, woah, I thought this day would never happen! You can download coupons to your grocery card!! http://www.cellfire.com

I just signed up and it took a minute! They just ask you for your cell phone and two other things. Then you type in your card number. I typed the number below the bar code in. Then I clicked on all the coupons I want right now and clicked "save"! Supposedly, if I go to Kroger now and buy any of those items, the coupon comes off after I scan my card!! Sweeeeet. Here are some other participating grocers:


  • Baker's
  • City Market
  • Dillons
  • Fry's
  • Gerbes
  • Hilander
  • JayC
  • King Soopers
  • Kroger
  • Owen's
  • Pay Less
  • QFC
  • Ralphs
  • Scott's
  • Smith's
  • Carrs
  • Dominick's
  • Genuardi's
  • Pavilions
  • Randall's
  • Safeway
  • Tom Thumb
  • Vons
  • ShopRite

Paying Off Debt is God's Way

Do you trust in debt more than you trust in God's Word? You have to take responsibility for your future. You're in your mess because of your unwise decisions. Do you do things the world's way and then ask God to bless that? While we are paying off debt, we should keep our hearts in check that we are not coveting what others have. We should make sure that we still give to God part of our income, and show that we are responsible in our current situation before we expect God to put us in a better one.

I guess these are some things to keep in mind while you're paying your debt off:

Give to God First: Proverbs 3:9 says,"Honor the Lord with your wealth with the firstfruits of all your crops; then your barns will be filled to overflowing, and your vats will brim over with new wine.” First fruits are not left overs. It's not what you donate once you bought yourself your new purse or paid off some more debt. It's what you give when you get that pay check. If you don't give some to God what is rightfully His, you can't expect him to trust you with bigger responsibilities. If you do not have faith in his Words to obey his commands, then he can't trust you with more important tasks. If you deceive yourself by saying that if you had a million dollars you would give part of it to God, but you won't even give a part of what you have now, you are just lying to yourself. You're going to be stuck where you are and you'll never see what else God can show you because you can't take that step of faith.

Be Content With What You Have: If you have food to eat and clothes to wear, you probably have enough to live. Be content with what you have. If you are coveting what others have, you are again not trusting in God's word and his promises. He can't trust you with more. Are you okay with what you have? Or do you buy things because you just "have to have it" or because other people spend a lot of money? Often times, people go into debt because they covet. Consumer debt is all based on products that you thought you should have that you wanted to obtain even if you had no money to do it. If you have a problem with that, confess it to the Lord and let Him help you change your greed.

1 Timothy 6:6-8 says, "But godliness with contentment is great gain. For we brought nothing into the world, and we can take nothing out of it. But if we have food and clothing, we will be content with that.


In Good Times Plan for Lean Times: To some, this may seem to be the opposite of faith. However, faith is taking God at His word and acting on His promises as if they were present reality. This may mean that you step out in action on God’s leadership without visible support for your actions. But it also means that you follow the word of the Lord because you know it is true.
“The ants are a people not strong, yet they prepare their meat in the summer” – Proverbs 30:25


God wants us to prepare for winter. That is one of His definitions of wisdom. Plan for tomorrow. This is not ungodly. It is God’s plan!


Give to Others in Need: In times of financial troubles, try to make sure you are not just thinking about your needs. A helping hand may be in the form of work or encouragement to others. You do not have to have money to care for the needs of others.

Stay out of debt: I think if God is saying that you shouldn't stay in debt, then you probably have to have faith to trust that you aren't making a mistake paying it off. I know that in the finance world, leverage is a big thing, but God can still make things happen in His time for you if you do things his way.
Proverbs 22:7 The rich rule over the poor, and the borrower is servant to the lender.

Romans 13:8 Let no debt remain outstanding, except the continuing debt to love one another, for he who loves his fellowman has fulfilled the law.



This is what God taught me today and something I need to put in action. I will quit worrying what peers think if I pay off my debt. I don't need a ridiculous emergency fund if I still have a ton of debt to pay off. I have to trust that God will take care of my needs when I am faithful.

I Might Pay Off My Car

So I was entertaining a crazy idea. Should I pay off the remainder of my car loan?



Since it takes them a while to process extra checks I send in, I would probably be safe and give them money to cover until November 30, which would mean I would send a check for $6,696.58.

That would pretty much make my emergency fund uncomfortably low, and I might not sleep well at night, but maybe this is the better thing to do. For a while I stopped paying my loans off and I started saving my money in my emergency fund instead. Now I'm thinking maybe I'm ready to take that money and throw a big check at something. I still have way too much student loan debt to even want to chuck money at it. Psychologically, it would not feel good to only make a small dent in my student loan and then have $0 left in my emergency fund.

I could then free up enough cash to throw an extra $300 at my student loans every month because now it won't be going to my car payments...

Pros:
  • It might feel exhilarating to know that I don't have a car loan anymore.
  • I will have one thing completely debt free.
  • It's the right thing to do - not to owe money.
  • $300 monthly increase in cash flow
  • Have more cash to put towards student loans
  • Save a few hundred dollars of interest.
Cons:
  • All my cash would be "tied up" in the car, and not used for other things like buying capital for business.
  • Mathematically it probably won't change much.
  • My emergency fund would feel a death blow.
  • My emergency fund will have to be regrown back to the current level ASAP.
  • If I get laid off, I'm stuck with a really crappy emergency fund, more to worry about, and a paid off car (doesn't help you get a job).


¿Qué haré?

Stop the Mindless Munching at Work!!

This morning, I resisted the urge to buy a bagel after seeing my coworker eat one. I usually always say no, but occasionally I give in. The sad part is, I eat breakfast every day, and when I see someone at work eating breakfast at work, I want to eat again. This is what my conversation with myself was like:
I'm bored. I could eat something. Like a bagel too.
No, you're not even hungry.
It's only a dollar.
I have the urge, I have the urge!!
Stop it, you're not hungry, and bagels make you fat.
Yeah, bagels make me fat, I won't be happy, and I'll soon find something else to eat. Be good. Be good!!!!

Why is it always a battle? Every day, I get to work and get hungry before lunch. It's also not even because I'm hungry. I look up from whatever I'm doing, and have the urge to put something in my mouth. The smaller the pieces and the more pieces, the better. Cereal is great, M&M's are great, you get the idea. It's mindless munching. I do it out of boredom. I don't even know why I do it, I sometimes just get an urge.

According to a Canadian site, there was research done that shows that the nature of your work can play a role in your eating habits:

According to researchers from Laval University in Quebec City, mental activities such as reading, writing and computer work can trigger overeating. In the study, published this month in the journal Psychosomatic Medicine, students performed three 45-minute tasks and were then served an all-you-can-eat buffet.

The researchers measured food consumption after each of the following tasks: 1) resting in a sitting position, 2) reading a document and writing a summary, and 3) performing a battery of computer tests.
Compared with food consumed after resting, intake increased by 200 calories after reading and writing, and by 250 calories after working on the computer. Levels of the stress hormone cortisol were also significantly higher following the more demanding mental tasks.


FANTASTIC! I read, write, and work on the computer, and make calculations all day. That means I should be 5,000 pounds!!

There are several ways in which stress can pack on pounds. In the face of chronic stress, cortisol levels can remain high, keeping you in a perpetual state of hunger. Elevated cortisol causes your body to produce excess insulin, the hormone that clears sugar from the blood. Fluctuations in blood sugar can trigger cravings and increase appetite, factors that prompt overeating.

High stress levels are also linked with greater amounts of body fat, especially around the abdomen and hips.

For many people, excess stress leads to emotional eating. Under stress, you may be inclined to mindlessly munch on sweets at the office or order a high-fat lunch even though you're not hungry.



Mhmmmm.. I get ya. So I just haven't come across any good tips. When I did come across ideas, I feel like I already tried them!!

  • Drink water (check)
  • Buy food at the grocery store and keep at your desk (I do. Then I eat the whole box in a day...which I wouldn't have done without this advice)
  • Eat snacks like granola bars, cereal bars, fruit, hummus, or yogurt. (Yeah and feel like a rabbit!! I'm still eating you know!!)


I need MENTAL tips, people. I need to know WHAT you tell yourself to make yourself stop. I even bought a jar of peanut butter to snack on instead of cookies, and I've only dipped into it a couple times. What a waste!! What do you tell yourself to stop eating? Stop reaching for the candy jar? Stop eating two lunches?

Do I....
  • Tell myself that if I spend a dollar on a bagel today, I'm a dollar further from my financial goals? Do I make it more real by picturing a really cute house in my head??
  • Remind myself that I wait a MONTH to earn 5 cents of interest on my money?
  • Envision starving children in Africa round-house kicking me in the face for my actions?
  • Bring a mirror to work so I can remind myself that if I eat for no reason I'll get fatter?
  • Hook up medical equipment to myself so I can watch the effects of all the candy on my health?
Seriously, what do you tell yourself? I've tried a lot of things that don't work for me.
  • Tell yourself you're wasting money - "But I'm bored, and who cares?"
  • Tell yourself you're getting fat - "So I'll have to go to the gym."
  • Tell yourself you still have debt - "It's so overwhelming anyway, what's another bagel going to do?"
  • Tell yourself it's bad for you - "I can't see what it does to me... so it doesn't prompt me to action"
  • Tell yourself that if you add up everything you have spent during the year on snacks at work, you could buy a lot of shirts - "Oh well, I would have been sad and miserable if I went that whole year never munching when I got the urge"


There's gotta be a more in-your-face, tangible, hard numbers and facts way of making myself stop munching!

My best stock



This is the one stock I bought a ton of shares for but all my others ones I only bought 1-10 shares of... this one turned out to be the best!! I paid $254 for 90 shares and now they're worth over a thousand dollars. It's where I buy my make-up from and it was selling for $3 back in March when the stock market went down. It was definitely undervalued at the time. At one point in 2007 their stock was going for $40. I think that they're a market leader in the mineral makeup and now all the drugstore brands have their own mineral makeup line. They keep making new products and they still have a lot they can do as far as evolving their product lines and marketing the products. That's just my gut though. Their financials are strong which is a must.

Do you Have Endrometriosis?

So I don't know why I did this but I saw a blog belonging to someone who won blogger of the month or something, and her entire blog was about trying to get pregnant because she has endometriosis. I know I'm banned from looking up diseases online because I'm a hypochondriac but I did it as always:


The most common symptoms of endometriosis are pain before and during periods (usually worse than "normal" menstrual cramps), during or after sexual activity, infertility, and heavy or irregular bleeding. Other symptoms may include fatigue; painful bowel movements with periods; lower back pain with periods; diarrhea and/or constipation and other intestinal upset with some periods. Some women with endometriosis have no symptoms. Infertility affects about 30-40% of women with endometriosis and is a common result with progression of the disease.


What is Endometriosis?
Endometriosis is a puzzling disease affecting women in their reproductive years. The name comes from the word "endometrium," which is the tissue that lines the inside of the uterus and builds up and sheds each month in the menstrual cycle. In endometriosis, tissue like the endometrium is found outside the uterus, in other areas of the body. In these locations outside the uterus, the endometrial tissue develops into what are called "nodules," "tumors," "lesions," "implants," or "growths." These growths can cause pain, infertility, and other problems.

The most common locations of endometrial growths are in the abdomen-involving the ovaries, fallopian tubes, the ligaments supporting the uterus, the area between the vagina and the rectum, the outer surface of the uterus, and the lining of the pelvic cavity. Sometimes the growths are also found in abdominal surgery scars, on the intestines or in the rectum, on the bladder, vagina, cervix, and vulva (external genitals).

Endometrial growths have also been found outside the abdomen, in the lung, arm, thigh, and other locations, but these are uncommon. Endometrial growths are generally not malignant or cancerous, they are a type of normal type of tissue outside the normal location. However, in recent decades there has been an increased frequency of malignancy occurring or being recognized in conjunction with endometriosis. Like the lining of the uterus, endometrial growths usually respond to the hormones of the menstrual cycle. They build up tissue each month, break down, and cause bleeding.

However, unlike the lining of the uterus, endometrial tissue outside the uterus has no way of leaving the body. The result is internal bleeding, degeneration of the blood and tissue shed from the growths, inflammation of the surrounding areas, and formation of scar tissue. Other complications, depending on the location of the growths, can be rupture of growths (which can spread endometriosis to new areas), the formation of adhesions, intestinal bleeding or obstruction (if the growths are in or near the intestines), interference with bladder function (if the growths are on or in the bladder), and other problems. Symptoms seem to worsen with time, though cycles of remission and reoccurrence are the pattern in some cases.

Symptoms
The most common symptoms of endometriosis are pain before and during periods (usually worse than "normal" menstrual cramps), during or after sexual activity, infertility, and heavy or irregular bleeding. Other symptoms may include fatigue; painful bowel movements with periods; lower back pain with periods; diarrhea and/or constipation and other intestinal upset with some periods. Some women with endometriosis have no symptoms. Infertility affects about 30-40% of women with endometriosis and is a common result with progression of the disease.

The amount of pain is not necessarily related to the extent or size of growths. Tiny growths (called"petechial") have been found to be more active in producing prostaglandins, which may explain the significant symptoms that often seem to occur with small implants. Prostaglandins are substances produced throughout the body, involved in numerous functions, and thought to cause many of the symptoms of endometriosis.

Theories About the Cause of Endometriosis
The cause of endometriosis is not known. A number of theories have been advanced but no one of them seems to account for all cases. One theory is the retrograde menstruation or transtubal migration theory that during menstruation some of the menstrual tissue backs up through the fallopian tubes, implants in the abdomen, and grows. Some experts on endometriosis believe all women experience some menstrual tissue backup and that an immune system problem and/or hormonal problem allows this tissue to take root and grow in women who develop endometriosis. Another theory suggests that the endometrial tissue is distributed from the uterus to other parts of the body through the Lymph system or the blood system. A genetic theory suggests that it may be carried in the genes of certain families or that certain families may have predisposing factors to endometriosis.

Another theory suggests that remnants of tissue from when the woman was an embryo may later develop into endometriosis or that some adult tissues retain the ability they had in the embryo stage to transform into reproductive tissue under certain circumstances. Surgical transplantation has also been cited as a cause in cases where endometriosis is found in abdominal surgery scars, although it has also been found in such scars when direct accidental implantation seems unlikely. Other theories are being developed by the Association and others researching endometriosis.

Diagnosis
Diagnosis of endometriosis is generally considered uncertain until proven by laparoscopy. Laparoscopy is a minor surgical procedure done under anesthesia in which the patient's abdomen is distended with carbon dioxide gas to make the organs easier to see and a laparoscope (a tube with a light in it) is inserted into a tiny incision in the abdomen. By moving the laparoscope around the abdomen, the surgeon can check the condition of the abdominal organs and see the endometrial implants, if care and thoroughness are used.

A doctor can often feel the endometrial implants upon palpation (pelvic examination by the doctor's hands), and symptoms will often indicate endometriosis, but medical textbooks indicate it is not good practice to treat this disease without confirmation of the diagnosis. Ovarian cancer sometimes has the same symptoms as endometriosis, and hormonal treatment (particularly estrogen), which is common in treating endometriosis, could cause a cancer to grow even faster. A laparoscopy also indicates the locations, extent, and size of the growths and may help the doctor and patient make better informed, long-range decisions about treatment and pregnancy.

Treatment
Treatment for endometriosis has varied over the years but no sure cure has yet been found. Hysterectomy and removal of the ovaries has been considered a "definitive" cure, but Association research has found such a high rate of continuation/recurrence that women need to be aware of steps they can take to protect themselves. (Space does not allow us to detail these steps here - please see additional Association literature.) Painkillers are usually prescribed for the pain of endometriosis. Treatment with hormones aims to stop ovulation for as long as possible and can sometimes force endometriosis into remission during the time of treatment and sometimes for months or years afterwards. Hormonal treatments include estrogen and progesterone, progesterone alone, a testosterone derivative (danazol), and a new drug, GnRH, gonadotropin releasing hormone. Side effects are a problem for some women with all hormonal treatments.

Because pregnancy often causes a temporary remission of symptoms and because it is believed that infertility is more likely the longer the disease is present, women with endometriosis are often advised not to postpone pregnancy. However, there are numerous problems with the "Prescription" of pregnancy to treat endometriosis. The woman might not yet have made a decision about childbearing, certainly one of the most important decisions in life - she might not have critical elements in place to allow for childbearing (partner, financial meants, etc.) or she may already be infertile..

Other factors may also make the pregnancy decision and experience harder. Women with endometriosis have higher rates of ectopic pregnancy and miscarriage and one study has found they have more difficult pregnancies and labors. Research also shows there are family links in endometriosis, increasing the risk of endometriosis and related health problems in the children of women with the disease.

Conservative surgery, either major or through the laparoscope, involving removal or destruction of the growths, is also done and can relieve symptoms and allow pregnancy to occur in some cases. As with other treatments, however, recurrences are common. Surgery through the laparoscope (called operative laparoscopy) is rapidly replacing major abdominal surgery in the U.S. and will probably also do so in other countries. In operative laparoscopy, surgery is carried out through the laparoscope using laser, cautery, or small surgical instruments. Radical surgery, involving hysterectomy and removal of all growths and the ovaries (to prevent further hormonal stimulation) becomes necessary in cases of long-standing, troublesome endometriosis.

Menopause also generally ends the activity of mild or moderate endometriosis. Even after radical surgery or menopause, however, a severe case of endometriosis can be reactivated by estrogen replacement therapy or continued hormone production after menopause. Some authorities suggest no replacement hormone be given for a short period (3-9 months) after hysterectomy and removal of the ovaries for endometriosis.

Learning About Endometriosis
Endometriosis is without question one of the most puzzling conditions that affect women. More is being learned about it as time goes on and this knowledge is dispelling some of the assumptions of the past which now have been disproven or are suspect. One of these past assumptions was that nonwhite women did not generally get endometriosis. This has now been shown to be untrue. In the past, many nonwhite women often were not receiving the medical care necessary to diagnose endometriosis.

Another "myth" about endometriosis was that very young women did not get it - an idea that probably arose because formerly teenagers and younger women endured menstrual pain (often one of the early symptoms) in silence and did not get pelvic exams until the disease progressed to unbearable proportions. It was also believed in the past that endometriosis more often affected well-educated women. Now we know that this notion developed because well-educated women were those getting the best medical care and were more often persistent enough to obtain explanations for their symptoms.

Another assumption that has at times been made about endometriosis is that it is not a serious disease because it is not a killer like cancer, for instance. However, anyone who has talked with many women with endometriosis about their actual experiences with the condition soon learns that while some women's lives are relatively unaffected by it, especially in the early stages, too many others have suffered severe pain, emotional stress, have been unable to work or carry on normal activities at times, and have experienced financial and relationship problems because of the disease. Perhaps someday soon we will understand this perplexing disease and be able to end all the myths, pain, and frustrations that sometimes go with it!

How the Endometriosis Association Can Help
The Endometriosis Association is a self-help organization of women with endometriosis and others interested in exchanging information about endometriosis, offering mutual support and help to those affected by endometriosis, educating the public and medical community about the disease, and promoting research related to endometriosis. Ending the feeling of being alone, sharing with others who understand what one is going through, counteracting the lack of information and misinformation about endometriosis, and learning from each other are ways those affected by the disease help each other.

The Association is an international organization with headquarters in Milwaukee, Wisconsin (USA)- members in numerous countries, and chapters and activities concentrated in North America though developing on other continents also. Elected officers guide the Association, with help and suggestions from an advisory board of medical professionals and others. The Association was founded in Milwaukee in 1980 by Mary Lou Ballweg and Carolyn Ketch and was the first group in the world dedicated to helping women with endometriosis.

Meetings are held according to the wishes of the local chapter. Usually some are planned to allow informal information-sharing about endometriosis and support and help with problems arising from it. Other meetings offer speakers and presentations on endometriosis,self-helpcare, infertility, medical research, and so on. Literature on endometriosis and related concerns is published regularly. A small library of materials on endometriosis is maintained. And a data registry of individuals' experiences with endometriosis is maintained for research. The data registry is compiled of the detailed answers to a questionnaire about an individual's endometriosis history, treatments and results, and experiences with the disease. Members and subscribers receive a newsletter six times a year, and formal and informal Crisis Call listening/counseling services are available to members who are willing to listen and offer suggestions and help during times of pain, difficult decisions, or other crises due to endometriosis.

The Association also conducts research on endometriosis and serves as a clearinghouse for information on endometriosis. Researchers interested in working with the Association data registry (housed at the Medical College of Wisconsin) should write the Research Review Panel, Endometriosis Association, at the headquarters office.

Donations to help continue work of the Endometriosis Association are very much needed and appreciated.

 
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