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Debt Be Gone, Debt Be Refinanced and Debt in My Sights


It’s been a busy week and I’m so ready for a break from children’s activities, school and the busy-ness of the holiday season. Do you get that way at this time of year?

My parents visit wraps up today. It has been a whirlwind of activity – robotics competitions, gymnastics meet, choir performances, drama class holiday production, foster care holiday party and so much more. It’s been great fun but every free moment has been keeping up with work so I could participate in all the fun.  Therefore, I haven’t had a chance to write out my new plan but it is ready so I hope to get it typed up and presentable this afternoon after dropping my parents at the airport. But in the meantime, here’s some updates:

    For those watching the housing drama unfold…my dad did not have time to review the financials before coming as he said he would. So he has assured me he will do that at his earliest availability upon returning home. So more waiting on that front…
    The car debt for the boy’s car, the $1900 is now officially paid. I have title in hand and have paid the registration for two years, gotten an oil change and got it inspected. Today I will add insurance.
    I have been able to re-finance my highest interest debt…the Retail Card at approx 25% interest and a balance of $3200 to a 6 month introductory rate of 3.99% for 6 months. So the clock is definitely clicking to get that paid off. I’m pretty excited about this. I plan on putting a debt update up at the end of the month.
    I have two goals that I am gunning for this month…paying off old house utility bills AND paying off checking account debt. This is a pretty lofty goal in light of the holidays, but I’m not ruling it out yet.

So those are the big highlights. As I mentioned before I’m hoping to get my “life plan” timeline up this afternoon, but it could be tomorrow depending on how the travel to my parents flight plans works out. It’s an hour drive each way and have to make sure I’m caught up on work before I sit down to transcribe my hand written notes.


  • Reply debtor |

    think I asked this before but what is “checking account debt”. Good job on the retail card re-fi. will you be able to pay it off in 6 months? what does the rate jump to after the intro rate?

    • Reply Theresa |

      There was a open joint checking account with Hope’s ex-husband. He overdrew the account.

  • Reply Ashley |

    Awesome job to refinance the card down to 3.9%!!! That’s a HUGE decrease down from 25% and will definitely keep the fire under your bum to get it paid off in 6 months! A fun new goal to work toward! Also, keeping my fingers crossed for you in reference to the (potential) house monies!!!

  • Reply Cecilia@thesingledollar |

    This is all really good news, especially the card refinance — good motivation to get that thing paid off and pay wayyyyyyyyy less interest along the way.

    Can’t wait to see your debt update at the end of the month — hoping to see the last of the old house (utilities) and checking account debt gone by the beginning of the new year.

  • Reply debthaven |

    Great job refinancing that card! Waiting for your Dad’s info must be hard … do you think that for some reason he purposely waited to see how you guys are doing in your new place?

So, what do you think ?