Friday, May 19, 2006

Debt Free!!!

At least for next couple of hours. I have to see to what happens with my car situation.

I just paid off my student loans (thanks Mom and Dad). I paid off my credit cards last year (in an indirect way, thanks again Mom and Dad) and my Italy trip was financed with money I received for my birthday and Christmas (uhm, thanks Mom and Dad).

I racked up the debt during my Spike years. My salary was so low I used my credit card to pay for gas, etc. Thank god I could expense movies, books and industry meals. I missed weddings I couldn't afford to go to, and kept a very strict budget.

The only time I splurged was after I got promoted from CE (creative exec) to DOD (director of development). I had to fight for the promotion and of course my boss (the producing partner) did not give me a raise. I was making half of what that position should pay. Some friends organized a dinner to celebrate. For my own personal treat I went to Neiman's with my Bergdoff's card (which I never used after leaving New York) and charged a black Gucci bag. Then went to Barneys and brought some Prada shoes. At least bags and shoes last a long time and they were not trendy. It's all about cost per wear.

Now I never charge anything unless it's budgeted for. I pay off my credit card balance in full every month. I'm not out of the financial woods yet. I have no retirement savings, don't own a home and my job could end this year. First things first, I have to figure out this car thing. Hopefully it won't be too painful.


nikinpos said...

Ok, now you're back home, be happy, you know you have a place to go when you need an escape. You enjoyed Italy and it will always be there for you. Don't forget that LA isn't everything!

nyc/caribbean ragazza said...

You are so right Niki. Trying to figure my next trip!