Extreme Gaming…

How little can you live on?

Me? Very little. This is what my monthly bills work out to:

Rent: $ 400.00
Groceries: 150.00
Vehicle Insurance: 95.00
Life Insurance: 15.00
Bank Fees: 15.00
Phone/Internet*: 100.00
Netflix*: 8.00
Automatic Savings: 50.00
Gas: 100.00
Money Challenge: 115.00
Van Maintenance: 25.00
$ 1073.00

That’s it – bare bones.

So, that’s all well and good for me, assuming I bring in more than $1075 (or approximately $540 bi-weekly). Easy Peasy, right?

Yes. So long as I’m not in debt.

Which I am. Again.

(but “just a little bit”) LOL! Listen to me; trying to make excuses!

I assume, generally, that if I’m working full-time, even at minimum wage, that I can bring in an average $750 in take-home pay bi-weekly – or $1500 a month.

My debt is with 2 credit cards. 1 card has substantially more debt than the other; it also has a much higher interest rate.

According to The Rules of the Credit Card, I can’t use either of these cards – at all – until the debts are paid down. Then, I can only use them as a “money tool” – they can’t cost me money to use, they should save me money in some manner by using them, and/or, better yet, they should earn me money somehow.

All of my “extra” money – money earned that is not ear-marked for bare-bones expenses (stuff I can’t or won’t live without), will be thrown at that debt until I kill it.

So, if I take home, on average, $1500 monthly and my bare-bones expenses total $1075, my so-called “extra” money comes out to about $425. This is what I’m going to throw at my debt every month: $300 will go on the card with the lowest balance – because it will be paid off really quickly, and that will make me feel like I’m getting somewhere. It helps to feel like you’re winning when playing The Money Game, believe me.

Check out this screen shot:


So I’m looking at 9-10 more months paying this debt down and then I’ll be moving on (again) to investing in Pre-paid Living. That is a whole ‘nother kind of Money Game!


P.S. That Credit Card Calculator is available to use for free HERE.

P.P.S. *I WILL NOT live without Netflix OR the Internet!

The “I Lost My Day Job Now I Have to Get A New One” Challenge…

2015-02-11 12.08.38I suddenly find myself laid off, as I’m still paying down my now “smallish” debt, and beginning to hoard for my pre-paid life.

No income once my final check is paid to me in two days’ time. Trust me, that money is earmarked for survival!

Don’t know yet if I’m eligible for E.I. (“Employment Insurance” – government funds I’ve been paying into with every paycheck since I went back to work). Remember, I failed miserably at my “Early Retirement” and I may not have enough employed weeks logged to get on the program. I took NO E.I. during said “Retirement” – I’m hoping that works in my favour…

Meantime, my February 2015 Money Challenge to myself is to get a new job and begin earning at least what I lost before the end of the month.

I’ve updated the resume, and applied at a Mom ‘n Pop Grocery nearby. I could be doing anything – from working in the deli, stocking shelves, making pizza, cleaning, running a till…. I think it would be an interesting place to work.

I’ve also started a job search at a Family Retail Big Boxish type store. It has a bzillion departments (including electronics AND groceries!), so I could be doing anything there, too. So far, there are no job openings.

There’s another big-boxish place I’m going to apply to right shortly.

In the meantime, I’m also working on my Etzy store, building products for Les Becker Designs, taking two marketing courses, and working on several downloadable digital products (including one for this site).

My goal is to bring in $1250 in take-home pay during February 2015. And then again for March. And so forth. In the process, I’m already forced into the original February Money Challenge I was going to post prior to being laid off: Make February a “Dry Spending” month… meaning Absolutely NO unnecessary spending. Zero.

I’m winning that one so far. 😀

I’m writing articles for other publications again, finally – now I gotta sell ’em.

If I can do all that, I’ll be out of debt again in under 10 months. If I can double that income, I’ll not only be out of debt, but I’ll have the rest of 2015 prepaid… and a jump on 2016 to boot.

P.S. I am still running my January 2015 “52 Week Money Challenge” successfully. I now have $31.07 in the account.

P.P.S. The drawback to all these challenges is that fiction writing seems to have been put on a back burner. This will not do. 🙁

Tangerine Bank and Your Savings Goals…

Tangerine-Orange-KeyOpen an Account using my Orange Key and receive a $50* Bonus!

I want you to experience Forward Banking™ with Tangerine. You can save on fees, earn great interest, enjoy cash Bonuses and take charge of your money.

Open a Tangerine Account – any type of Account – by March 31, 2015 with a minimum deposit of $100 using my Orange Key (16991567S1) and earn a $50 Bonus*. Plus, get an additional $25 Bonus** when you set up an Automatic Savings Program (ASP) into a Tangerine Savings Account with a minimum $100 per month for 6 continuous months! Simply set the amount and frequency you want to save and the ASP moves your money into your Savings Account automatically.

My Orange Key is: 16991567S1

All you need to do is enter my Orange Key when you are opening your Account on tangerine.ca. Or visit Tangerine to learn more and start saving today!

I’m working on the referral for the U.S. version – will update when info is available.