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Met a Savings goal!!!!

August 2nd, 2010 at 03:25 pm

Today I now have $15,181.55 in the account I'm saving to pay my ex-husband. This is in lieu of alimony. I owe him 32K, but this is almost half and $15K seemed like a true bear to reach, so I'm happy.

Only $2K to go before I will be down to owing him $15K. At that point, if he demands payment, I'll be able to take out a personal loan at my credit union (they fund $15K personal loans). While I'm not wild about getting a new loan, I do want to feel I have a chance to get him paid off without borrowing against my 401K.

I also have $906 in my short term account, $3000 in my yearly bill payment fund and $5778.00 in my emergency fund. Unfortunately I only have $2K in an ira, but I'm working on it.

15 Responses to “Met a Savings goal!!!!”

  1. creditcardfree Says:

    You are doing great!! I hope you can get it all saved in cash before he demands it from you.

  2. veronak Says:

    I agree, you are doing great. Keep it up and it will be just a matter of time before you will have him out of your hair Smile

  3. NJDebbie Says:

    I'm glad you almost have that monkey off your back. Good job!

  4. lartiga Says:

    That's excellent progress, Miz Pat!

  5. Campfrugal Says:

    Wow, you are doing really well. Can't wait till you pay him, that will be a nice feeling for you. Then you will be able to move on. It will be great closure.

  6. Tabs Says:

    I'm really glad to hear it!

    Now, uh, you don't have to answer this of course, but... how did you end up owing him alimony? And why is it a lump sum?

  7. Rick Says:

    Good Job !!!!!

  8. miz pat Says:

    Hey Guys - you sure are a good and encouraging bunch.

    Broken Arrow - I live in California, its a No-Fault Divorce State. This means your husband can take off with all the money in the bank and move to Salt Lake with a Bimbo and you still owe him half of everything. Because I work and he doesn't, I would have also owed him alimony, instead I opted for a lump sum of 60% of the appraised value of our home. Fortunately, home values went way down. So I owe him $66K. I refinanced and gave him $34K, but I'm working on paying the rest.

    He has a back problem and heart problems, although his heart doctor told him he could go back to work (and he worked out and walked and things). He was enjoying playing on the computer all day and wouldn't try to find a job.

    Anyway I figure 60% of the home's value is less than paying him $800 to $1200 a month for the rest of my life. So I'm actually fortunate.

  9. Tabs Says:

    Wow! Wow! So, in a way, you're paying him for him to cheat on you?! Wow! Remind me to never get hitched in California.

    But yeah, I completely agree that you've made the right financial decision here. Still, I can't even stand the IDEA of this. It's like you're rewarding him for doing something bad to you! It's insane!

    I fought really hard to make sure that didn't happen to me and my ex, but at least my state law favored me (being the legal victim).

  10. miz pat Says:

    Dear Broken Arrow:

    I agree with you but think of this. I'm better off with him gone. He was acting irrational and violent.

    I think in another state, he would have tried to find a way to kill me so he could be with his "true love", so I'm really fortunate. So maybe this is for the best.

    Thanks so much for your comments and friendship - This is such a nice group.

  11. Tabs Says:

    Wow, I had no idea he was THAT crazy. I mean, kill someone off to be with someone else when they could just get up and leave? That's so way off the crazy scale. For that kind of animosity, I would definitely fight them.. er.. but I'm a guy who thinks that way. Big Grin

    But yeah, whatever it takes to get rid of this guy. At least he's out of your life for good!

  12. miz pat Says:

    Dear Broken Arrow - One day he was on the phone with someone and started asking me, "how much money do we have in savings, how much money would I get if you die?" questions and "where is the life insurance paperwork and how much do we owe on the house?" I got uncomfortable with the questions and checked our phone calls on-line and found out he was talking with the other woman, who he had promised he was over. Can you imagine how weird that felt?

  13. Ima saver Says:

    Wow, Pat! You are so lucky to be rid of him!

  14. terri77 Says:

    Good riddance to bad rubbish! You'll be so happy when you're free and clear of him!

  15. midlight21 Says:

    You've come so far!!! Yeah YOU!!!!!!!!!!

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