December 5th, 2016 at 07:50 pm
My mortgage payment has posted. This month I paid an additional $13.17. My new balance is $163,325.00.
Chips to date: $2,124.93
Interest savings this month: $7.97
Interest savings to date: $214.93
Eventually, the interest savings on the chips I have already made will compound to $4,509.16, provided I own this house until July 1, 2042. Which I probably won't.
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December 1st, 2016 at 04:16 pm
Cash is up.
Debt is up.
Investments are up.
Home value estimate is down.
I lent J $320 in cash while we are straightening out his banking situation. J started a new job a few weeks ago. It is a temporary full-time plus overtime job with UPS. He is making a good wage and is working long days in the bay area, so commuting as well. (UPS provides a shuttle bus at no charge to the temporary employees). He had to quit his 20 hour per week part-time job, but has kept his 20 hour per month part-time job. He will make more in 3 months at UPS than he would have made in a year at the part-time job he quit. So even if it takes him a little time to find his next job, he will be ahead.
Last summer, I went with him to my credit union to open a checking account for him. He did not order paper checks but was supposed to receive a debit card. He never has. (I never followed up with him to make sure he had it). All this time, he has been going to the credit union in person to deposit his paychecks and withdraw cash. Well, now that he is leaving the house by 4:30am and returning home about 10:30pm Monday through Friday, he cannot make it to the credit union during banking hours. They do not have any weekend hours.
Last week, he had 3 paychecks, one each from his 3 jobs. He asked me to deposit them for him (the credit union is very close to my office) and to see if they would allow me to cash one for him. I was sure they would not and told him so, but said I would ask. Then I asked why he doesn't just use an ATM to get some cash, and that is when I learned he has never received a card. Well, when I took his paychecks in, I asked how he can get a debit card. As usual, they were very unhelpful and insisted he will have to come in person and order another one. No, he cannot call. No, they cannot give the form to me to give to him. No, they cannot use the form he already signed when he opened his account. This is the thing about this credit union. The customer service is lacking. They do offer free checking accounts but so do a lot of other institutions, they pay no interest, and they never seem to have any convenient solutions when you need something.
So anyhow, I texted this info to J and then I suggested he needs an online bank checking account. There are so many of them out there now. I am helping him get that set up. Once he receives his debit card from his new online bank, he will repay the $320 he borrowed. It will probably be another week or two.
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