by Hope
Woot, woot! Our 6 month car insurance premium drops right at $1,500 next month! I attribute this to:
- Improved credit scores for all of us but especially me since I’ve been paying off and closing credit accounts.
- The 1st of Gymnast’s three wrecks will drop off at the end of this year. When he was shopping for his own insurance, they told him that this was a big factor in his premium.
- Beauty coming off the family plan this past month when she got her own car.
Beginning in October, our monthly premium will go from $1,200-1,300 per month to $930 per month.
We are definitely going in the right direction!
Sidenote: Gymnast Car
Gymnast took over paying for his car at the end of 2023. And has done an amazing job. We were able to refinance the loan this past week to get his name on the title and loan so he now gets credit for his payments. And most importantly, we were able to get a much lower interest rate for him. Score!
Making Moves and Making Decisions
Things are going so, so well right now. I am steam rolling through debt payoff. 100% focused. And it feels so good.
I’ve begun making other decisions as well. Future plans. And making those is not only helping to keep me motivated, but also giving me a reason to keep focused on NOT spending. I spent a night with Princess this past week. (More on the why for that later.) She and I spoke a lot about my decisions, the intended and unintended consequences of those decisions, and lessons that I wish I had learned at her ago.
I will say, that if my bad decisions end up with my kids being so much more wise than me with money. So worth it! I am so amazed at their brains, and focus, and just all of it. And I love that we talk about it all. And they listen, and I listen.
Hope is a resourceful, solutions-driven online business manager with over two decades of experience helping clients streamline operations, manage projects, and grow their businesses through digital marketing and technology.
But life has a way of rewriting your plans.
A year ago, Hope made the decision to move in with her aging parents full time – a season she wouldn’t trade, even as it came with its own financial and emotional weight. Earlier this year, she lost her mother, and is now walking the tender, disorienting path of grief while learning what “forward” looks like from here.
Hope came to the Blogging Away Debt community in 2015 as a single mom raising five foster and adoptive children. She’s written through job changes, financial setbacks, and the bittersweet transition to an empty nest. Her kids are finding their footing in the world now – and so is she.
Rooted in faith and fueled by the same perseverance she’s brought to every hard season, Hope is ready to face her finances with fresh eyes and an honest pen. She believes that clarity, courage, and community can change the trajectory of anyone’s story including her own.
She lives in Austin, TX with her dad, loves adventures with her dog Addie, and is figuring out, one step at a time, what this next chapter is meant to be.
This is huge! Wow! Cheers to your son for navigating the re-finance and lowering his costs also.
Yes, it definitely worked out great!
So you are looking at $930 a month for two drivers and two cars? (Gymnast should be required to have his own policy as the car is now in his name and he has permanently moved out of your home, correct?) That still seems insanely high.
No, 3 drivers, 3 cars. Gymnast car is still in my name as is the financing although we did get him added to both with this re-finance. Legally the car must remain titled in Georgia until I can come off the title. (That is straight from the DMV in Georgia.) Gymnast does pay his own car payment and insurance.
I just got hit with an insurance renewal of $2900 (annually), for ME! No accidents, car almost 10 years old, just ridiculous. I hope yours continue to decrease.