Team lunch and a budget

In a couple of days, I am having a team lunch. I haven't seen many of these folks in person in 1.5 years.

I look forward to seeing most of them. There are a few people that I could do without, but you can't win 'em all!

I had a one-on-one online meeting with my manager yesterday. He asked if I could pay for our entire meal. It was an odd way to make a request without my follow-up question. I asked whether I was to expense it, too. Yes.

Here's where I put my foot down. I don't think it should be my responsibility to put the charge on my personal credit card. Frankly, my manager doesn't have a backbone to charge and expense things himself because it goes to his manager for approval. He'd rather hide that fact and have me do it. I have a budget. This request was unplanned in said budget. I'm not dipping into my emergency fund. It's not an emergency.

I suggested charging it to my corporate credit card. He indicated that he went out with his management team and two people had their corporate credit cards declined.

My thought is that there is a limit for charging expenses on this card for restaurants. I called the credit card company to ask what limit was established. I had to answer eight questions, with some of them being ridiculous, to get an answer to check with my plan administrator.

Not helpful. I tore a strip off this guy. He said that he asks many customers for a verification ID and none of them know what that is. Neither did I. So, why not get rid of that question?

Asking for my work phone number is also ridiculous. I don't call myself. It's a virtual number. Why not ask for my cell phone number first?

Finally, asking for my employee number, when I feel that providing my name, date of birth with the year, my cell phone number, and mailing address are sufficient to verify that I am who I am for a single question about my account. I do not want an interrogation when I call. Posing eight questions is excessive.

Anyway, I had to open a ticket at work to ask what my limit was on restaurant transactions on this corporate credit card. We'll see if I get an answer later on today.

It's painful trying to get an answer to what I believe is a straightforward answer. Things shouldn't be so complicated.

My financial situation is looking better

I am pleased with my financial situation these days. I have a single loan that I'm paying down faster by making additional payments when I can.

It's exciting seeing my progress. It takes a lot of hard work to stick to a budget and plan accordingly.

I have also been contributing more to my RRSP. I borrowed quite a bit out of this retirement fund and am trying to get it back to its original fund level. It will take some time, but I'm determined.

It's payday!

I get paid by my employer every two weeks. Technically, I get paid every other Thursday.

I do love my bank. It deposits my pay electronically by 22:10 on Wednesday night. I spend a bit of time paying various bills based on my bill payment schedule. It's an Excel spreadsheet. I have had a number of variations over the years, but the current one has guided me out of my darkest debt stage.

It makes me so happy paying bills and seeing results. I also like that I can put money away towards my retirement and emergency fund. It was challenging doing it a year ago.

Things are looking up and good with my finances. It takes a lot of effort and planning to get out of debt. I'm so pleased that budgeting has paid off (pun intended)!

Debt reduction update

I haven't written about my debt reduction progress for a bit, other than continuing to save money staying at home. Commuting to the office is gone. I don't fill up my car with gas all that often. I go out twice a week for groceries, essentials, and takeout to help my favourite restaurants out.

As a result, I have more disposable income. It has been great contributing to my retirement saving and regular savings accounts. I had to dip into the former when my debt situation wasn't great. I didn't have an emergency fund. My regular savings account is that emergency fund that I have wanted and needed.

I get paid this week. It's a huge turning point. I will be paying off my line of credit completely. I am thrilled.

I do recommend having a budget and sticking to it, no matter how great or grave your debt situation is. I have been using an Google Sheets spreadsheet for a while and it does wonders. It's a question of being disciplined sticking to your budget, which is the toughest part.

Self-isolation and debt improvement

I am fortunate to be able to work from home and get paid. The shift from working a couple of days a week to every week at home isn't a huge deal for me.

However, what I have noticed is that I am saving money. As a result, it is helping me pay off my debt. I am in better financial shape at this point than I had predicted.

My commute is roughly 50 km in one direction. I used to fill my car's tank with gas each week. I do it once a month now. With gas prices being low these days, I have been saving roughly $160.

These days, I make most of my meals at home. I go out two times a week to get groceries and takeout. I don't eat out as much. I don't go to Starbucks as frequently as I used to. Again, I save more money.

I haven't travelled in over a month. I don't have airfare, hotel, or car rental bills to pay off.

A while back, I pointed out that I was doing well paying off my debt. Well, I am nearly done paying off another credit card. I will be down to two active credit cards. I will be keeping both of them, but one will sit there as a backup. The reason for keeping it is that I've been a customer for well over a decade with this credit card company. It looks good on my credit report if I continue having it. It's not my favourite credit card, so that's another reason why I am not tempted to use it.

Things are looking up financially for me. It has been a lot of hard work to get to this stage. Sticking with a budget helps. Being isolated at home is another method that has helped, which I didn't expect as a benefit.

Fitbit Alta charger died and thinking about my next Fitbit product

I have been using a Fitbit Alta for over a couple of years. The battery is starting to not hold a charge as long as it used to.

The charger has a clip that secures the Alta while it charges. The clip broke.

Part of me is thinking about getting either the Versa Lite or Versa 2. Part of me wants to continue using the Alta until it truly does not function anymore.

I can't afford to get a new watch right now. Perhaps in a few months, I will be able to save enough for it then. Leasing a car wasn't on my radar in August. I thought that I would be doing it in January!

In the meantime, I have found a charger for my Alta for $8. I'm good with this cheaper solution.

Two more loan payments to go and I'm done!

I am two payments away from completely paying off a major loan. I am so pleased that I can see the finish line.

I have envisioned reaching this stage for a while, knowing that it's a huge milestone for me. It feels good. I will be able to allocate some money towards savings while continuing to get my credit cards paid off.

Things are looking great. Sticking to a budget has been tough, but it does work with a ton of hard work and support.