MORE ON FINANCES

Yesterday I went to another bank. This is the bank that gave me the latest Mastercard. The person was very friendly and explained that I would probably get the loan. He told me I could pay it off in five years. When I asked him why I couldn’t pay more each month he told me that if I didn’t have anything left to spend I would just get further in debt. He’s right!!! I am trying to list all my debt. The bank would pay off my debts and cancel my accounts. Sounds good to me.
Tomorrow we are suppose to go to the country. I really don’t want to go. Some of my friends are going for the day during the weekend; some aren’t going at all and others are going for one night etc. I wonder if I should just tell hubby to go alone.
I have been swimming everyday. I have met a few women at the pool. Not sure if anything will develop but it doesn’t matter. It’s nice to have someone to talk to in the pool.
Yesterday I met my cousin for lunch. Poor woman! Her husband passed away years ago. He left her a lot of money. She had a "nervous breakdown" after he died. Her son apparently helped her spend all the money he left. He had power of attorney because she was sick. He drained her money so now all she has is her pension. She is so bitter. I don’t blame her. I don’t think I would ever talk to my son again. However she would like to see her grandchildren. She also has no other family! One brother lives in the US. Another lives in Toronto. When she asked them for financial help they both refused. She doesn’t talk to her daughter. If my son did that to me I would never talk to them again.
I am working on my scrapbook for my son and his wife. I have moved all my stuff to the dining room table. It’s bright and I have room for all my stuff. Hopefully I’ll get it finished quickly.
I am reading THE FAR SIDE OF THE SKY. It’s ok but the beginning is about the HOLOCAUST. Upsetting!
The other day I got on the W!!. I lost three pounds so I am now about 204. I wish I could lose those four pounds. I would love to be under 200………..
So that’s about it. I’ve started to reread some of my entries. I would like to read all my entries to check if I want my children to read it. I have left the name and password of my diary in our safe.
Take care.

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May 11, 2012

at least you won’t be spending money so much while in the country. take care, hugs p

May 11, 2012

That’s a good idea about leaving your diary name and password in a safe place. I want my kids to be able to read my diaries when I’m gone. I have printed most of them off but don’t do that as often as I should.

When I’m gone my diary is gone.

May 11, 2012

the bank also gets more interest if you take the full 5 years to pay off the loan. i would love to be under 200# as well. and then i want to lose more. blake knows my diary name and password. take care,

May 11, 2012

5 years is good but yes the bank wants you to take longer to pay the loan off because they make more money that way, the bank doesn’t care about your debt, they just want to make money off of you. If you can afford to pay more, do it. Also be sure there is no penalty for paying the loan off early, that is how they get you coming and going, make sure you carefully read the fine print and get your hubby or someone else to read it too so you don’t sign your life away. Also make sure the interest rate is fixed over the life of the loan and does not go up after a time, also check to see what the penalties are for missed or late payments, you really got to watch these things carefully or you can get so screwed. Believe me I know!

I think it’s wonderful that you have decided to get on top of your finances and are taking action. Way to go! You should feel proud of yourself! With that much determination on your side, I bet those four pounds are soon behind you, too 🙂

May 11, 2012

I agree the reason they want you to pay it off slowly is so they make money!