Cutting Costs

Thanks for the article from Jermaine Haynes

I have really been trying hard to cut my costs around the house. Last year I took a pay cut, and things have been really hard on me. I have tried to find another job that paid more, but I haven’t had any luck yet. I guess I should feel lucky that I am staying afloat, but living paycheck to paycheck with absolutely no wiggle room is getting old. I’ve been looking for ways to cut back that won’t be so painful. One of the things I’ve been considering is scaling back my Dish TV package. I’m not sure how much I’ll save, but even $20 a month might make a difference at this point. I’ve also been trying to cut coupons after I was inspired by the show “Extreme Couponing”. I don’t think I have as much time as the women in the show have for clipping and organizing, but I figure I might be able to save a good amount if I try a little harder. I am just so tired of being worried aboutmoney, and I am dying to be comfortable again. At this point, I don’t care what it takes.

Law And Technology

I am not a technology lawyer, but I wish I were. I worked at a business school for quite a while and was exposed to all of the excitement of start-ups and technology transfer. There is a lot to think about when it comes to technology, including nondisclosure agreements, fair use and copyright, ownership rights and disputes, and risk management.

I know some about fair use and copyright from all of my years as a journalist. That knowledge has held me in good stead as a blogger and attorney. I really know nothing about ownership rights, and a smidgen about risk management.

I learned about nondisclosure agreements in my remedies class in law school. The idea of a non-disclosure makes sense, because you don't want others to learn your secrets and then pass them on inappropriately and financially benefit from that. That is why some companies ask independent contractors to sign such agreements. I have been asked to sign nondisclosure agreements for some of my freelance assignments. It has been kind of funny, though, because in the course of my work, I didn't learn anything that I could have passed on. So the nondisclosure agreement was unnecessary. I wondered why they asked me to sign one, unless they don't really know how to use such an agreement, or maybe they weren't sure of the scope of the project at first. But I signed it, and the freelance gig went nowhere. Go figure.

Figure It Out

Guest post of the week by Brittany Booker

I wanted to figure out how to help save electricity around the house because man, our bills had gotten so high. I started turning off lights left and right AND I’ve become that person who unplugs all her appliances when she’s not using them – that’s the type of responsible citizen I want to be. Who am I kidding, I didn’t start doing this out of any eco-concious breakthrough, I just didn’t want to have to break the bank paying my utilities each month! A friend told me about a website where I could get fixed rate energy and I jumped on that chance…it really helped me narrow down my options and save some money right off the bat. It’s still up to me though to try and curb my usage which is hard in this huge old house – the electricity seems to just leak right out of the walls or something. I’m going to keep doing what I can though and we’ll see how that ultimately works out for me.

I Am Gazelle Intense!

For those of you who listen to the Dave Ramsey radio show, you know the phrase "gazelle intent."  Dave encourages his listeners to be gazelle intent in getting rid of debt, using the metaphor of the gazelle as its intent on running away from lions and tigers on the savannah in Africa. He wants you to be that focused on it.

I feel as if I have truly been gazelle intent in the last several months. I am working at my regular job, doing a little legal work part time, doing freelance writing, and mystery shopping. Whew--that is a lot of work. I do feel like I am working all of the time. I am making great progress in paying off my debt, even though it is not as fast as Dave would like. I still have a nasty little habit of meeting friends for dinner too much and blowing my budget. But I am working on scaling that back. And I need to stop overdrafting. I still do that from time to time, and that sets me back and runs counter to my goal of being debt free.

Sometimes I feel like I am working too much, and that has me worried. Like, I am not exercising as much, or sleeping enough, or stressing too much on all the work I have to do. And yes, people have made fun of me being on my computer so much. I have tried to tell them that part of the reason I am on the computer a lot is because of my internet businesses. But they don't get it.

I think within a year and a half, I will have my debt paid off and will be able to slow down. But also what I would like is for my internet businesses to take off, and I could make more money with less work. A dual goal. I am gazelle intent.

Yes, You Can Stop Collection Calls

I am the first to admit I have not been smart about my money. Right after college, I ran up some debt and never really worked at paying it off until recently. I should be debt free within 15 months. So excited!

But I remember when the days were dark for me. When I thought I might have to declare bankruptcy. Luckily, I didn't. I remember the darkest days when American Express kept calling my office at my previous job. Some chick who was a bully kept calling my office and harassing me. Literally harassing me. I had gone to Europe and a few months later got an AE bill that I could not pay off in a month. I never knew what happened. I might have been charged for items I didn't buy or overbilled, but I never investigated. But I tried to work out a payment plan with American Express. Poor naive me. 

The bully kept calling me and calling me and being so hateful. I am glad I had a private office with a door back then. I would shut the door and swing back at the woman. I fought hard. She was so snarky. This went on and on for days. I was in tears most of the time. I needed to stop collection calls! And the sad part is, I knew better than to get so enraged. I know how to stop collection calls, but even I got so rattled, I couldn't think. 

Eventually, I was able to make a payment plan, and that did stop collection calls. But not before it took a real toll on me. I think that was what started my bouts with high blood pressure. These collectors can be rotten people. I did get the last laugh, however. I reported them to the Better Business Bureau, and I got a letter some months later saying they had been found to be wrong and were chastised. And like Dave Ramsey, I will never have another American Express card. They do bad business. 

When Is My Credit Score Going To Improve?

I have been very good with credit the last few years. I have not used any credit cards and have been paying off my balances. So much so that the balances are now under my credit limits. But my credit score is still poor and not improving. I used to check it every once in a while with one of the free credit score  sites and saw no improvement. I then decided to get serious and got a  FreeScore membership and now check my credit score and report every month. But I still see no improvement. What gives?

I think I read somewhere that it is harder to have a good credit score now. Not sure of the details of the why or how, but that the numbers have been tweaked. What used to be a good score is now just a fair score. So maybe that is why mine is still in the toilet? I did have one collections item added to my report--when I switched from comcast to ATT, there was a balance with comcast I forgot to pay off.  That must be the problem. Maybe if I go ahead and pay that off, it would go up.

I know Dave Ramsey says not to worry about credit scores or reports. That you shouldn't rely on credit anyway, so a bad score doesn't really matter. That is good in theory, but not so much in reality. I want to buy a house in a couple years, so I am concerned about it. Maybe it will be better by then.