One Million and Beyond

Goal Update

By Matt - Saturday, May 26th, 2007

The last goal that I came up with (#4) was to get a handle on all of the bills and payments that I’m dealing with and to get caught up on them. I’ve been struggling with this recently and it’s about time to stop paying my bills late. I know better than to let this happen and yet I’m still struggling with it. I guess this really goes back to the basics of learning you can have all the specialized and applicable knowledge in the world but if you don’t apply it, it’s pretty much useless. I know better but I haven’t been applying this so this knowledge is useless.

It’s frustrating knowing what you need to know but for some reason or another not actually doing anything about it. Seeing the potential for change and the benefits of it and not doing anything about it just gets under my skin and I know in the back of my mind that I need to do something about it. Yet I do nothing, I believe that it’s a matter of comfort and the status quo. Since I took my pay cut I figured that I’d be tight on money and even though I know I could do better I just floated along. Being frustrated with yourself is a very strange sensation because you’re the one and only person that can actually do something about it.

My latest goal was to get my immediate finances under control and I’m starting to get there. I’ve brought both my Line of Credit and two Visas current. Which are the items that I was most concerned with, the automated payments coming out of my account continue to go which leaves my cell phone and a utility which is a couple days late and one toll company that I’ve neglected for a while. The goal for next week is to take care of the cell phone and the toll company, which will leave just the utility that I’ll have to pay from my next pay. Those are the bills that I know are outstanding and need to be resolved and paid right away.

When I’m in paying for the cell phone I plan to see about changing the plan to a lower one, I don’t use it that much and I could save myself some money by doing this. I’m also planning on setting this up as an automatic payment but instead of getting the vendor to set this up I’ll do it myself in my online banking – to ensure it comes out when I actually have money.

The past couple months have really strained me financially and it’s time to start applying the lessons that I’ve learnt about personal finance. The next step will be to invest in a credit score even though I’m sure it won’t be very pretty though if I don’t have this information I won’t really know where I really stand. Struggling with debt is not a good place to be, it makes life that much more stressful than it really needs to be.

Technorati Tags: personal finance, goals, bills, getting caught up

Subscribe to this Feed

---