Thursday, January 12, 2017

Interest, Late Fees, and Stupidity, Oh My!

2017 is not off to a good start, financially…

In addition to not paying off our credit card, carrying a balance, and having to pay interest on a card that we haven’t paid interest on in over 5 years, I have to pay a late fee to DMV.

The late fee came about through a comedy of errors. First, our car registration was due on January 2, which was an observed holiday, which I didn’t pay attention to. I was going to pay it the 3rd and hope for the best. (Knowing the DMV and the government, I wasn’t expecting much, but I was hopeful.) Also, with everything going on with my dad, the idea of paying bills flew out the window for a couple few days. However, stupid me, when I did finally go to pay it, I realized the car needed to be smogged this year. There is no excuse for that; it’s totally my own fault. The DMV sent me out the registration several months in advance and I just didn’t look at it closely until I went to pay it.

The whole point of this rant, though, is that in addition to having to pay interest on our credit card, I have to pay a late fee on our registration: that’s stupid tax times two (X2), and I have nobody to blame but myself! Our car registration was $112 and with late registration, we have to pay $132. On top of that $20 stupid fee, we had to actually pay to have the car smogged. We had $170 in our car fund. That helped.

Because we are trying to go back to all cash, at least until we get our credit card paid off, we took the rest of that money and used it for a couple different things. We paid to have another car’s oil changed, which was an “appropriate” use of the money. We also bought movie tickets and a pair of snow boots for Presley. Those were not what the money was intended for, but paying cash for those things kept us from going farther into debt. Our car fund now only has $30, but I budgeted another $200 into the fund over the next couple months.

The plus side of all this is that our car did pass smog.  We really weren’t sure. It’s 14 years old and has over 230,000 miles. It serves as an “extra” car for us. We use it if we are taking the dog somewhere or going to Home Depot, things like that. It has been very nice to have the extra car, but with its age and mileage, we weren’t sure it would pass smog; at least that wasn’t $53 wasted.

This isn’t the best start to my year, but I guess there’s not really much way to go but up.

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