by Hope
Working extremely long days this week with two major projects due and one new client just coming on board, so I apologize for the late and very brief update. But I knew a debt update was long over due…so here we go. Quick and dirty.
As a reminder, the goal is to have ALL consumer debt paid off by July 1. Here is where are at as of now:
| Debt Name | Current Balance | Interest Rate | Min. Mo. Pymt | Original Balance | Status |
|---|---|---|---|---|---|
| CC Intro Rate - Retail #2 | $0 | 3.99% | N/A | $3500 | Retail #2 refinance |
| Personal Loan - Car | $3086 | 12% | $96 | $5000 | Car Sale Difference |
| Credit Card - Consumer | $2439 | 13.90% | $105 | $4,974 | Minimum Payments |
| TOTALS | $5,525 | $201 | $13,474 |
So not only are we now living on last month’s income and on a really tight budget, we are only a little over $5K away from being consumer debt free. I can see the light at the end of the tunnel with this debt!
Now to start planning for the student loan debt…and more!
Hope is a creative, solutions-focused business manager helping clients grow their business and work more efficiently by leveraging expertise in project management, digital marketing, & tech solutions. She’s recently become an empty nester as her 5 foster/adoptive kids have spread their wings. She lives with her 5 dogs in a small town in NE Georgia and prefers the mountains to the beaches any day. She struggles with the travel bug and is doing her best to help each of her kids as their finish schooling and become independent (but it’s hard!) She has run her own consulting company for almost twenty years! Hope began sharing her journey with the BAD community in the Spring of 2015 and feels like she has finally in a place to really focus on making wise financial decisions.
YAY! What awesome progress you’ve made. You’re on a roll. Keep up the good work.
Great job Hope!!!
You’re so close!! Nice job on all of the hard work and sacrifices made.
Great job Hope! Thanks for the update 🙂
Only $5K consumer debt left! Thats great -well done its very encouraging to watch your progress,:)
Great job! Your recent posts of just narrative didn’t convey your progress the way the numbers do. You go girl!
So exciting! Way to go, Hope!!! Inspiring!
Nice job Hope. Good luck in the coming weeks finishing off the rest of it.