GI Jane Finances

July 31, 2009

Finally settled in

Filed under: Uncategorized — gijanefinances @ 7:10 pm

Boy, what an adventure the past couple of weeks.  I am in my wonderful apartment finally and spent lots of money setting up.  The good news is that after buying a used car, electronics, household essentials and first/last month’s rent, I still have about $10,000 currently $7k–but expecting $3k in dislocation allowance). Since I live off-base, I opened a local bank account to pay rent and utilities in Korean won.

I also restarted my Thrift Savings contributions at 19%.  It had been suspended for 10 months.  The account also lost 26% of its value.  Nevertheless, I will contribute $1277 a month.

I then set-up monthly automatic withdrawals to:

House downpayment fund: $800

Car fund: $300

Vacation: $200

Already have $416 monthly withdrawn out for my Roth IRA.  Not sure when I will pay double on my rental mortgage…possibly at the beginning of 2010.  I think I want to have $15-20k in my emergency fund, before paying double.  We will see.

GI Jane

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July 5, 2009

Family setback

Filed under: Uncategorized — gijanefinances @ 7:43 am

My sister got laid off two days ago from a $60,000 year job.  Even though she saw it coming a couple of weeks ago, the job loss seems to be making her depressed.  She is planning to fly to Jamaica on the 14th for a week.  Unfortunately, her debt load is in the six figures–with a student loan in arrears.  On another note, my brother’s cell phone is disconnected due to running up his bill prior to the China trip.  I was thinking about sending some money once everything settles down from my money in 10 days.  I also want to send my sister a care package.

Gosh, my siblings financial situations always seemed precarious.  No retirement savings and debt.  My sister is 36 years old and brother, 30 years old.  I do not want to rescue them out of the current problems with money.  Especially after plowing through debt and unloading a costly second home.  My emergency fund is at $10k right now.

I am much closer to my brother.  So much so that I sent him a used  laptop several months ago.  I wish they had solid financial footing and resources.  Sis was and still is interested in maintaining a facade of wealth or at least middle class.  When her car was stolen, a car that she never paid my mother for, I had to practically beg her to not buy a new car.  She held off for about 7 months.  But now she has a car payment, credit card and student loan payments the size of a mortgage.  Bill collectors are calling my parents home routinely looking for her and my brother.

What to do, what to do?

GI Jane

July 2, 2009

More random thoughts

Filed under: Uncategorized — gijanefinances @ 7:40 am

Yesterday I found a buyer for my car after reducing the price to $800.  I also set up the ING accounts for:

House downpayment

Car

Vacation

I think I need to call Vonage a cancel the year subscription.  I still want to keep my phone number.   So, maybe I should wait until the move to Korea?

All of my credit cards are at zero except for the Government Travel Card.  Filed the travel voucher on Monday.  Oh wait, I bought a dress from Banana Republic for $65 after using $30 in coupons.

That’s it for now…looking forward to the 4-day weekend.

GI Jane

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