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$20K Update

June 16th, 2014 at 01:46 pm

Apparently I never stopped the auto-deposit to the Anniversary Cruise Fund. Frown Guess I shouldn't be surprised anymore at another thing I forgot to do....so anyways here is a deposit for that. I plan on closing that account as soon as that deposit clears.
I also moved the $440 I had in at home savings to ING. I want to get everything into ING for now for ease when seperating.

Current Balance $32,245.00
+$100.00 to HSBC Anniversary Cruise
-$440.00 from Home Improvements (Cash)
+$440.00 to ING
+$15.00 Even Out Amount
Balance $32,360.00

ING $28,760.00
HSBC $3600.00
Total = $32,360.00

Posted in $20K challenge | 6 Comments »

6 Responses to “$20K Update ”

  1. Another Reader Says:
    June 16th, 2014 at 02:02 pm 1402927356
    1402927356

    Every dollar that came to you after the separation date should be in your accounts and not considered in the split. Same with the soon to be ex. Does he have separate savings and checking? If not, those need to be set up immediately.

    How is the refinance coming? Getting him off title and the loan is very important and buying him out should happen ASAP. It's a painful milestone, but the milestone is on your road forward.

  2. snafu Says:
    June 16th, 2014 at 02:15 pm 1402928135
    1402928135

    I hope you've had a pleasant weekend with people who love and support you. Have you met with a lawyer to verify procedures? You need to keep earnings and income from your sales of CV type products totally separate from monies and assets you had before May 9th.

    How are you doing with those huge, long lists of projects you'd identified earlier? I've reviewed my 'spring forward' list only to confirm I need to pick at least 3 items daily if I hope to finish every project by 'fall back' and 1st snow.

  3. Banker Gurl Says:
    June 16th, 2014 at 02:24 pm 1402928674
    1402928674

    I am waiting for the appraisal right now. We can only go as fast as the bank for the mortgage part.

    As far as the seperation date for the funds, we have agreed that we will split the funds once we are done with the house business. We are both paying on the mortgage right now, and we are both paying for his apartment right now. Once the house is done then we will split the savings and checking balances evenly. It would not be beneficial to me to seperate our money prior as DH makes more then I do. Also he is on my health insurance, so trying to split things up and make them "fair" now would be difficult and confusing. So we are just going to leave everything in the pot until everything is signed and done with for the house.

    I did tell him he needs to call his employer and get his health insurance in place.

    We do not have any seperate savings or checking accounts. We will do that as we get things separated.

    Feeling overwhelmed. Frown

  4. seahorse Says:
    June 16th, 2014 at 07:38 pm 1402947502
    1402947502

    I admit that I am concerned about you not having your own accounts. While working as a teller/loan officer I saw that the moment the divorce process starts there is the race to the bank. In all the cases I personally witnessed the man will take every single penny out of the account and most women will just take half. It was so hard to see the women break down when they realized ex-DH had wiped out the whole account and she had no money. Or the things people would do to each others accounts while they were still on them. After my sis had her divorce she could no longer open an account in her name b/c the old account was so delinquent with fees (both of them were being jerks to each other). I personally would open up a new checking and savings on my own right now just to have that step out of the way and an avenue to protect money. I would just put in the minimum required for now. I know it's tough but you need to think of yourself first. It's hard to know how he will "really" behave when all of this becomes reality. Huge hugs to you and I'm so sorry you are going thru this Frown

  5. Banker Gurl Says:
    June 16th, 2014 at 08:27 pm 1402950437
    1402950437

    Thanks Seahorse. I can understand how reading everything would make everyone very worried for me. Completely understand. He has done some terrible terrible things to me. So I can definitely see how anyone outside would be worried about financial issues too. I am working to get things done. Just very busy with trying to keep up with house and yard work, family, friends, softball etc. I have all of next week off of work so what I don't get started on this week I will do next week.

  6. Lena Says:
    June 17th, 2014 at 12:52 am 1402966369
    1402966369

    It is very easy to open up a sole account with ING! I believe it can all be done online since you are an existing customer.

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