Tuesday, June 20, 2006

Gambling isn't for me

Yes, I know it's been a while since my last blog posting. I admit I've been going through a blog funk, mostly because life has been hectic and I've been frustrated with the pace of the debt payoff. The smaller it becomes the more impatient I become to get rid of it. It's changed from a giant menancing dragon into a tiny pestering fly in comparison which I'm happy about but I just wish I had a fly swatter that would make it go away NOW. :)

The new job took a dive for the worse. I took a gamble even taking the job and that gamble isn't going to pay out. I knew it was 50/50 going into the mortgage business now because rates are going up and a lot of places were struggling as business was drying up but the promise for greater pay was too alluring to pass up. Unfortunately, I think the promises were too inflated so I'm going to start looking for another job. It's a bummer because it throws another wrench into the debt reduction plan but hopefully another job will come along, this time a stable, normal job.

I was contemplating cashing in my 401k to pay off my credit card just so that it would be gone and done with. I have about $4,000 in the 401k and I think after paying taxes and the penalty I would have just enough to pay off the rest of my debt. I know, I can already feel the angry comments being hurled at me. I'm not going to do it, but it's tempting! The thought of not having any more credit card debt makes me tingle a little.

I'm going to do something I have never done in the history of this blog. I've added a Paypal donation button. If you've enjoyed reading my site AND feel it's a worthy cause AND you are in the financial position to do so, you can make a small donation to help me get out of debt. I've avoided adding these types of links to the blog in the past because I'm definitely not looking for a handout. Don't donate because you feel obligated or anything like that, only do so if maybe I've made you laugh or gave you something entertaining to read while you were at work or you've been following my story from day one and are as excited as I am to see me get out of debt. Of course, all of it will go directly to paying down the evil credit card.

Soon people, soon. Only $2,150 to go. It's so close but farther away than I would like.

add to del.icio.us saved by 0 users

11 comments:

mapgirl said...

I'm so sorry your gamble was a losing bet. I know it's hard for you to put up a donation button. I have contemplated doing the same, but I can't bring myself to do it. You are really close to your goal and I wish you lots of luck on your next job search. Just know that it was a learning experience, if nothing else, and there's some value in that.

Anonymous said...

Since the topic is anathema to the world of pf, the comment about cashing in the 401(k) will give some people pause (myself included). I wonder if it's not like when hazzard posted about his craving to buy a new truck then said the craving passed but then he went and bought the truck anyway. Once you start thinking about raiding your retirement accounts, tunnel vision can set in and it can be a tough road back from the brink.

Anonymous said...

Is there any way you could maybe get a part-time job? If you had even a small PT income that went solely to debt reduction, it could really help. I know a friend did waitressing, and in the summer her tips were really good. Good luck -- you're really close, and you can absolutely eliminate this debt, whichever method you choose. :)

Anonymous said...

I know exactly what you mean. I thought the same thing about my 401K. Why should I not when I can get out of debt. But the interest is horrible if you look at it. Since they charge a 20% penalty for early withdrawl. Plus paying taxes. It really isn't the right option, but if you can't afford to pay the monthly fee, then you might not have another option.

Things will turn out ok. From one debtor to another.....I am here to help in any way I can. I feel your pain all to much!

Andi @ udandi / Lunch It Punch It said...

hang in there, it will get better :)

Kris said...

I haven't checked in for awhile (my own debt reduction has hit brick walls...my own fault, of course), but girl, you're so close! That's awesome - a year's worth of very hard work has been worth it. :)

Good luck -

mapgirl said...

Wait a sec. I'm reading about the 20% penalty for withdrawing from your 401k, however in some plans, if you stay there less than a year, they will disburse it back to you as straight income and there is no penalty because you didn't stay in the plan for very long.

I cashed out a very lucrative 401k plan that way and used it to finance a move back to the east coast from Silicon Valley. It's up to you to decide what's a good move or not based on your situation. For me, cashing out was best rather than stay in an overpriced area and sink deeper into debt.

StePHen said...

as always, continued kudos on your debt reduction and i wish you all the success in the transition time ahead as it seems it will be... you have really taken hold of your debt! keep going!

ps. i think the donation button is an excellent idea! no shame in it. money is liquid. you need some, i give it, i need some, you give it ;)

Anonymous said...

Congratulations on getting the debt down. In the future, if you need to borrow (to buy things or pay off more expensive debt) you may want to start a Lending Network with a new company called FYGO (www.fygo.com). FYGO just launched a peer to peer finacial collaboration platform beta. You can create a group, invite friends and family on and then people can offer or ask for loans from people they know and trust. Depending on your relationships, you could get a very low interst rate loan.

Cheers,

David

Anonymous said...

bingo casinos bingo casinos hoodia prices hoodia prices online credit history internet credit reports credit reports online bingo websites bingo bingo online yahoo bingo internet bingo free online bingo bingo game free online bingo game bingo supply bingo card play bingo online online bingo game three eyed bingo leisure bingo bingo hotspot play free bingo online hey bingo delta bingo free printable baby shower bingo game online bingo uk bingo par php réalisé script online bingo hall bingo self storage free bingo for money pogo bingo bingo bingomega online bingo bugle amaze bingo it main street will free online bingo tournament gala bingo yahoo bingo game bingo gala 100 deposit bonus bingo cost zero bingo mania free printable baby bingo game free bingo bee bingo free bingo easter i play bingo bingo game on the web baby shower bingo free blank bingo card bingo site web bingo gone bingo game for kid yahoo free bingo make bingo card beach blanket bingo free printable bingo card play kid bingo bingo ball play bingo free bingo card maker best online bingo on line bingo bingo card for kid bingo michigan supply potawatomi bingo free bingo game on yahoo 100 bingo bonus deposit empire math bingo game play bingo win money free slingo.com bingo game free chat bingo printable bingo game entertainment bingo play uk bingo free bingo game australia free kid bingo game online san manuel indian bingo and casino bingo online pay pal place to play bingo uk bingo bingo casino play game online free bingo palace astro bingo free canada bingo free baby bingo blank bingo card template play bingo for money online play live bingo lycos free bingo no deposit bingo free bingo bonus online bingo bonus yahoo speedy bingo new online bingo site large print bingo card potawatomi bingo casino sun bingo bingo kid online bingo download quick free bingo room bingo free online poker bingo world travel bingo card free internet bingo bingo card maker choctaw bingo pogo ez win free bingo yahoo online bingo

Anonymous said...

hoodia patch 418 hoodia patch 419 hoodia patch 42 hoodia patch 420 hoodia patch 421 hoodia patch 422 hoodia patch 423 hoodia patch 424 hoodia patch 425 hoodia patch 426 hoodia patch 427 hoodia patch 428 hoodia patch 429 hoodia patch 43 hoodia patch 430 hoodia patch 431 hoodia patch 432 hoodia patch 433 hoodia patch 434 hoodia patch 435 hoodia patch 436 hoodia patch 437 hoodia patch 438 hoodia patch 439 hoodia patch 44 hoodia patch 440 hoodia patch 441 hoodia patch 442 hoodia patch 443 hoodia patch 444 hoodia patch 445 hoodia patch 446 hoodia patch 447 hoodia patch 448 hoodia patch 449 hoodia patch 45 hoodia patch 450 hoodia patch 451 hoodia patch 452 hoodia patch 453 hoodia patch 454 hoodia patch 455 hoodia patch 456 hoodia patch 457 hoodia patch 458 hoodia patch 459 hoodia patch 46 hoodia patch 460 hoodia patch 461 hoodia patch 462 hoodia patch 463 hoodia patch 464 hoodia patch 465 hoodia patch 466 hoodia patch 467 hoodia patch 468 hoodia patch 469 hoodia patch 47 hoodia patch 470 hoodia patch 471 hoodia patch 472 hoodia patch 473 hoodia patch 474 hoodia patch 475 hoodia patch 476 hoodia patch 477 hoodia patch 478 hoodia patch 479 hoodia patch 48 hoodia patch 480 hoodia patch 481 hoodia patch 482 hoodia patch 483 hoodia patch 484 hoodia patch 485 hoodia patch 486 hoodia patch 487 hoodia patch 488 hoodia patch 489 hoodia patch 49 hoodia patch 490 hoodia patch 491 hoodia patch 492 hoodia patch 493 hoodia patch 494 hoodia patch 495 hoodia patch 496 hoodia patch 497 hoodia patch 498 hoodia patch 499 hoodia patch 5 hoodia patch 50 hoodia patch 500 hoodia patch 501 hoodia patch 502 hoodia patch 503 hoodia patch 504 hoodia patch 505 hoodia patch 506 hoodia patch 507 hoodia patch 508 hoodia patch 509 hoodia patch 51 hoodia patch 510 hoodia patch 511 hoodia patch 512 hoodia patch 513 hoodia patch 514 hoodia patch 515 hoodia patch 516 hoodia patch 517 hoodia patch 518 hoodia patch 519 hoodia patch 52 hoodia patch 520 hoodia patch 521 hoodia patch 522 hoodia patch 523 hoodia patch 524 hoodia patch 525 hoodia patch 526 hoodia patch 527 hoodia patch 528 hoodia patch 529 hoodia patch 53 hoodia patch 530 hoodia patch 531 hoodia patch 532 hoodia patch 533 hoodia patch 534 hoodia patch 535 hoodia patch 536 hoodia patch 537 hoodia patch 538 hoodia patch 539 hoodia patch 54 hoodia patch 540 hoodia patch 541 hoodia patch 542 hoodia patch 543 hoodia patch 544 hoodia patch 545 hoodia patch 546 hoodia patch 547 hoodia patch 548 hoodia patch 549 hoodia patch 55 hoodia patch 550 hoodia patch 551 hoodia patch 552 hoodia patch 553 hoodia patch 554 hoodia patch 555 hoodia patch 556 hoodia patch 557 hoodia patch 558 hoodia patch 559 hoodia patch 56 hoodia patch 560 hoodia patch 561 hoodia patch 562 hoodia patch 563 hoodia patch 564 hoodia patch 565 hoodia patch 566 hoodia patch 567 hoodia patch 568 hoodia patch 569 hoodia patch 57 hoodia patch 570 hoodia patch 571 hoodia patch 572 hoodia patch 573 hoodia patch 574 hoodia patch 575 hoodia patch 576 hoodia patch 577 hoodia patch 578 hoodia patch 579 hoodia patch 58 hoodia patch 580 hoodia patch 581 hoodia patch 582 hoodia patch 583 hoodia patch 584 hoodia patch 585 hoodia patch 586 hoodia patch 587 hoodia patch 588 hoodia patch 589 hoodia patch 59 hoodia patch 590 hoodia patch 591 hoodia patch 592 hoodia patch 593 hoodia patch 594 hoodia patch 595 hoodia patch 596 hoodia patch 597 hoodia patch 598 hoodia patch 599 hoodia patch 6 hoodia patch 60 hoodia patch 600 hoodia patch 601 hoodia patch 602 hoodia patch 603 hoodia patch 604 hoodia patch 605 hoodia patch 606 hoodia patch 607 hoodia patch 608 hoodia patch 609 hoodia patch 61 hoodia patch 610 hoodia patch 611 hoodia patch 612 hoodia patch 613 hoodia patch 614 hoodia patch 615 hoodia patch 616 hoodia patch 617 hoodia patch 618 hoodia patch 619 hoodia patch 62 hoodia patch 620 hoodia patch 621 hoodia patch 622 hoodia patch 623 hoodia patch 624 hoodia patch 625 hoodia patch 626 hoodia patch 627 hoodia patch 628 hoodia patch 629 hoodia patch 63 hoodia patch 630 hoodia patch 631 hoodia patch 632 hoodia patch 633 hoodia patch 634 hoodia patch 635 hoodia patch 636 hoodia patch 637 hoodia patch 638 hoodia patch 639 hoodia patch 64 hoodia patch 640 hoodia patch 641 hoodia patch 642 hoodia patch 643 hoodia patch 644 hoodia patch 645 hoodia patch 646 hoodia patch 647 hoodia patch 648 hoodia patch 649 hoodia patch 65 hoodia patch 650 hoodia patch 651 hoodia patch 652 hoodia patch 653 hoodia patch 654 hoodia patch 655 hoodia patch 656 hoodia patch 657 hoodia patch 658 hoodia patch 659 hoodia patch 66 hoodia patch 660 hoodia patch 661 hoodia patch 662 hoodia patch 663 hoodia patch 664 hoodia patch 665 hoodia patch 666 hoodia patch 667 hoodia patch 668 hoodia patch 669 hoodia patch 67 hoodia patch 670 hoodia patch 671 hoodia patch 672 hoodia patch 673 hoodia patch 674 hoodia patch 675 hoodia patch 676 hoodia patch 677 hoodia patch 678 hoodia patch 679 hoodia patch 68 hoodia patch 680 hoodia patch 681 hoodia patch 682 hoodia patch 683 hoodia patch 684 hoodia patch 685 hoodia patch 686 hoodia patch 687 hoodia patch 688 hoodia patch 689 hoodia patch 69 hoodia patch 690 hoodia patch 691 hoodia patch 692 hoodia patch 693 hoodia patch 694 hoodia patch 695 hoodia patch 696 hoodia patch 697 hoodia patch 698 hoodia patch 699 hoodia patch 7 hoodia patch 70 hoodia patch 700 hoodia patch 701 hoodia patch 702 hoodia patch 703 hoodia patch 704 hoodia patch 705 hoodia patch 706 hoodia patch 707 hoodia patch 708 hoodia patch 709 hoodia patch 71 hoodia patch 710 hoodia patch 711 hoodia patch 712 hoodia patch 713 hoodia patch 714 hoodia patch 715 hoodia patch 716 hoodia patch 717 hoodia patch 718 hoodia patch 719 hoodia patch 72 hoodia patch 720 hoodia patch 721 hoodia patch 722 hoodia patch 723 hoodia patch 724 hoodia patch 725 hoodia patch 726 hoodia patch 727 hoodia patch 728 hoodia patch 729 hoodia patch 73 hoodia patch 730 hoodia patch 731 hoodia patch 732 hoodia patch 733 hoodia patch 734 hoodia patch 735 hoodia patch 736 hoodia patch 737 hoodia patch 738 hoodia patch 739 hoodia patch 74 hoodia patch 740 hoodia patch 741 hoodia patch 742 hoodia patch 743 hoodia patch 744 hoodia patch 745 hoodia patch 746 hoodia patch 747 hoodia patch 748 hoodia patch 749 hoodia patch 75 hoodia patch 750 hoodia patch 751 hoodia patch 752 hoodia patch 753 hoodia patch 754 hoodia patch 755 hoodia patch 756 hoodia patch 757 hoodia patch 758 hoodia patch 759 hoodia patch 76 hoodia patch 760 hoodia patch 761 hoodia patch 762 hoodia patch 763 hoodia patch 764 hoodia patch 765 hoodia patch 766 hoodia patch 767 hoodia patch 768 hoodia patch 769 hoodia patch 77 hoodia patch 770 hoodia patch 771 hoodia patch 772 hoodia patch 773 hoodia patch 774 hoodia patch 775 hoodia patch 776 hoodia patch 777 hoodia patch 778 hoodia patch 779 hoodia patch 78 hoodia patch 780 hoodia patch 781 hoodia patch 782 hoodia patch 783 hoodia patch 784 hoodia patch 785 hoodia patch 786 hoodia patch 787 hoodia patch 788 hoodia patch 789 hoodia patch 79 hoodia patch 790 hoodia patch 791 hoodia patch 792 hoodia patch 793 hoodia patch 794 hoodia patch 795 hoodia patch 796 hoodia patch 797 hoodia patch 798 hoodia patch 799 hoodia patch 8 hoodia patch 80 hoodia patch 800 hoodia patch 801 hoodia patch 802 hoodia patch 803 hoodia patch 804 hoodia patch 805 hoodia patch 806 hoodia patch 807 hoodia patch 808 hoodia patch 809 hoodia patch 81 hoodia patch 810 hoodia patch 811 hoodia patch 812 hoodia patch 813 hoodia patch 814 hoodia patch 815 hoodia patch 816 hoodia patch 817 hoodia patch 818 hoodia patch 819 hoodia patch 82 hoodia patch 820 hoodia patch 821 hoodia patch 822 hoodia patch 823 hoodia patch 824 hoodia patch 825 hoodia patch 826 hoodia patch 827 hoodia patch 828 hoodia patch 829 hoodia patch 83 hoodia patch 830 hoodia patch 831 hoodia patch 832 hoodia patch 833 hoodia patch 834 hoodia patch 835 hoodia patch 836 hoodia patch 837 hoodia patch 838 hoodia patch 839 hoodia patch 84 hoodia patch 840 hoodia patch 841 hoodia patch 842 hoodia patch 843 hoodia patch 844 hoodia patch 845 hoodia patch 846 hoodia patch 847 hoodia patch 848 hoodia patch 849 hoodia patch 85 hoodia patch 850