Maunderlust

Oprah’s Debt Diet! (munch)

Step 2: Track your spending and find extra money to pay down debt.

For this part of the debt diet, Oprah keenly observes that you can find extra money to pay down debt by eliminating some of the little impulse purchases that you make every day. This is similar to the financial advice you’ll find on Feed the Pig, another debt reduction site.

So, do I feed the pig, or go on a debt diet? These messages are so mixed. Do I run to Oprah’s warm bosom, or the creepy snorting porcine gentleman?

I will go on the debt diet because the pig has really really irritating sound effects. They are nothing compared to the dulcet, smokey, tones of my Oprah’s melodious voice.

My Latte Factor looks like this:

Coffee/Tea – $4.00
Lunch @ work – $8.00
Vending Machine – $1.00

Total – $13.00/day
Month – $390
Year – $4680

Granted, that’s a ballpark daily figure, I haven’t actually done the form yet. But I suspect that if you were to average out a year’s spending, it’s about right. The yearly amount is pretty astonishing. If you want to try the calculator yourself, you can find it here: Oprah’s Feel-Bad-About-Your-Spending-Habits Calculator.

Over 30 years, Oprah tells me that my Latte Factor savings could add up to quite a lot:

So what does this mean for Operation Blue Hippo? Well, clearly I need to spend less on miscellaneous incidentals throughout the day.

OPERATION BLUE HIPPO – STEP 3: REDUCE DAILY SPENDING BY 50%

No, I’m not going cut out all lunches at work, or all coffee. That would just make me resent this whole endeavor. Instead, I’m going to try to cut down by half, which I think is doable. I’ll use my ATM statements to track how well I’m doing. I should be spending no more than $45 per week on sundries.

Wish me luck!
[tags]Oprah, Debt Reduction, Latte[/tags]

Is there anything that Oprah Winfrey can’t do? She’s the most incendiary thing to happen to literature since the library at Alexandria, she generously unleashed upon the world the wit and wisdom of Dr. Phillip McGraw, and she’s wrestled dangerous madmen only to emerge unscathed. She is more than every woman, she is every super woman. That includes Wonder Woman, She-Ra, and possibly Jem.

And wouldn’t you know it, her talents extend to financial advice too! That’s right, by way of LifeHacker, I’ve discovered…

THE OPRAH DEBT DIET (yum!)

STEP ONE: HOW MUCH DEBT DO YOU REALLY HAVE?

Part 1 – Figure out how much debt you’ve got

Way ahead of you Oprah. I’m using a slightly different tracking method than the big O reccomends, because I’d like to track my debt over time. I’ve set up a google spreadsheet to handle it.

Part 2 – Get your credit rating

Got it. Last check my FICO was 720. Not the best. But, not the worst either. There’s a lingering blight on there that will be with me for awhile.

Part 3 – Prioritize your debt

This one’s pretty easy for me. I don’t have a mortgage. My car is off the road since I don’t really need it. And, I ate all the children. So that means after rent and phone, I can prioritize credit cards and student loans by interest rate. So far so good.

Next OBH post, I’ll move on to Oprah’s latte factor. Sounds delicious!
[tags]Oprah, Debt Reduction, Google Spreadsheet[/tags]

I know I’m in the minority here, but I thoroughly enjoyed Final Fantasy X-2. Sure, the tone was a departure from the brooding teen angst of the main series. But still, I found the whole thing to be a refreshing side story, and a fun game. At any rate, by way of Kotaku, here’s a kind of brilliant collision of worlds.

Final Fantasy X-2

The Essential Dolly Parton
[tags]Final Fantasy X-2, Dolly Parton, YouTube[/tags]

I’m naming this project for Blue Hippo. The blue hippo is a friendly beast whose outstretched blue palms offer a bounty beyond your wildest dreams for no money down, and with no credit check required.

Personally, I’d like to believe that portly African mammals rise from their watery homes to give away consumer electronics purely out of the goodness of their big blue hearts. But, as it turns out, this is not the case. The blue hippo’s financing methods may suck you down into an abyss of financial ruin.

No, I have not fallen victim to the blue fellow’s tricks. But, I have slid down the slippery slope of deficit spending. I know I’m not alone in this. But, all the same, I’d like to take care of it before it consumes me utterly.

Here’s the debt:
Student Loans – $6007.82 (ugh)
Major Credit Card – $1969.94 (guh)
Other Credit Card – $1272.24 (bleh)

Total Debt – $9,250.00 (holy crap!)

That’s kind of alot. I’m not certain that I can pay it all off in a year, but it’s worth a shot.

Fortunately, to get the ball rolling I’ve got an expense report from work that I need to submit which should cover a big chunk of one of the credit cards.

OPERATION BLUE HIPPO – STEP ONE: SUBMIT EXPENSE REPORT

OPERATION BLUE HIPPO – STEP TWO: PAY OFF BIG CHUNK OF MAJOR CREDIT CARD

So why is this project called Operation Blue Hippo, since the blue beast wasn’t to blame for my financial woes? Well, I’m calling it that because part of this mess is a result of me buying some computers last year on credit. Then to my discredit, I let the balance sit there while I invested in other endeavors and diversions. This is similar to many tales of woe sung by victims of the hippo, but different in that I have only myself to blame, and not a hungry hungry trickster.

So, steps one and two look pretty straight forward. I’m going to add them to my handy maunderlust Google Calendar.

By the end of the weekend I’d like to have the next steps for the financial plan laid out as well.

Fun!

[tags]Blue Hippo, Debt Reduction, Google Calendar[/tags]

Testing the blogging functionality of RapidWeaver

Let’s see how this thing works.

[tags]RapidWeaver, Blog, MacHeist[/tags]