by Hope
I am excited to share that with the exception of one credit card, I am up to date with all payments. It took some doing, but I’ve got a plan for Christmas, thanks for all the suggestions. I will share it after the holiday just in case my kids are tracking here.
So without further ado, here is how my debt stands currently:
| Debt Description | October, 2023 Total | Interest Rate | Minimum Payment | Paid This Month | Current Total |
|---|---|---|---|---|---|
| Personal Loan #1 | $2,500 | 0% | 6 months to pay | $2,500 | |
| Personal Loan #2 | $2,500 | 0% | 6 months to pay | $2,500 | |
| CC - AMEX | $894 | 29.24% | $93 | $100 | $916 |
| CC - Wander | $1,630 | 29.24% | $124 | $1,899 | |
| CC - USAA | $5,000 | 19.15% | $135 | $200 | $5,072 |
| CC - Amazon | $1,497 | 29.99% | $53 | $53 | $1,495 |
| CC - Sams | $1,106 | *29.99% | *$40 | $39 | |
| CC - Frontier | $3,857 | 29.99% | $338 | $170 | $3,788 |
| Car Loan | $19,581 | 12.69% | $500 | $563 | $17,922 |
| Student Loans | $22,121 | 2.875% | $306 | Deferred until Dec, 2023 | $22,186 |
| CC - Apple** | $500 | $500 | $421 | ||
| Total | $61,186 | $61,868 |
Student Loans
My student loan payments were slated to resume this month, but I have applied for an income based repayment schedule based on my steady income and anticipate that will be approved. Just a waiting game for right now.
Part Time Fast Food Job
While I have officially accepted the new part time job, it’s going to be a slow start. They are figuring out how to onboard me, etc. and so I don’t believe I will be hitting the goal hours every week for at least another month-ish. But again, just a waiting game to see how it plays out and then ramps up. Grateful to have it though.
Going forward, I will refer to this job as my Coordinator job vs my Accounting job.
Part Time Contract Job
My contracted work should wrap up for the most part by the first or second week of January. That’s the work that will cover bills through January. I am hoping I will be able to negotiate some on-going work, even if it’s just a few hours a week. It has been a really fun and challenging project. I implemented a new POS system for their two locations – Commerce7, implemented and integrated a new inventory and production software with their production site – EKOS, and am currently finalizing their new website that integrates both with Commerce 7 and VinoShipper. In doing all this, I wrote new SOPs, replaced two other software applications that were using, got to choose and set up all new hardware, and learned a whole lot about wine making.
Praying I can get more projects like this as I have really enjoyed it. Know anyone who needs some help with their tech stack?
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.
I’m confused why you are paying above the minimum on some cards and below the minimum on others.
I wondered this too, but now am thinking late fees might have been added? I can’t think of another reason why someone would overpay one bill and not pay another at all.
Yikes, it will be good when you start your 2nd part time job to pay down those credit cards. It’s difficult when you’re paying so much toward them and the balance keeps rising. Where is your mortgage on this list?
Why did you pay over minimum for some if you aren’t able to pay another’s minimum? Also would you talk more about why your mortgage has increased? You had mentioned it happened a few posts back but I’m confused as to why and how, and what the benifit was.
The numbers are exactly the same as last month. I’m guessing the updated chart didn’t post properly?
Why would you pay more than the minimum on some debt while not even paying the minimum on other?
You do realise the “ extra” you paid to the USAA and the car could have and should have covered the minimum on your Wander card right?
I think Hope’s son is making the car payment. In which case, good for him for paying more than the minimum! Let’s cheer him on as he gets out of debt also.
I just went back to Hope’s 1st post ever in March of 2014; at that time she had just under $76,000 of debt. We are about to hit 10 years she has been “blogging away debt” and per this last update, which does not seem to include everything, she is at just under $62,000 in debt.
Hope, I don’t say this to be mean, but you need to decide if you are serious, truly serious about getting out of debt or if you have given up. If you are truly serious, then you need to act like it or you will be in this same level of debt in another 10 years. Time to buckle down and take action instead of just dreaming about it. In 10 years if you had just put an additional $500 a month at debt you would have less than $20,000 left. Instead, you are very very close to same place you started a decade ago on this Blog.