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Hope’s Debt Update – November, 2024

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Last month was a wash since I paid off a credit card, but then turned around and used it for Princess’ wisdom teeth extraction.

However, this month, we are getting back on track.

Debt DescriptionOctober, 2023 TotalInterest RateMinimum PaymentCurrent TotalPayoff Date (Est)
CC - Frontier$3,85729.99%$130$2,718December, 2024
Dad - New Furnace$2,6000%$0$2,600
January, 2025
CC - USAA$5,00019.15%$135$2,723March, 2025
Student Loans$22,1212.875%deferrment$22,850September, 2025?
CC - Apple**$500Paid off every month$0
CC - AMEX$89429.24%$0$0Mar, 2024 - Closed
CC - Sams$1,10629.99%$0$0April, 2024
Personal Loan #1$2,5000%$0$0July, 2024
Personal Loan #2$2,5000%$0$0August, 2024
CC - Wander$1,63029.24%$0$0August, 2024 - Closed
CC - Amazon$1,49729.99%$0$0September, 2024
Total$44,206$265$30,891

After paying all the monthly obligations (bills plus transfers to savings, investments) and debt payments, I have $586 left. I’m anticipating that will cover the Texas trip. This will allow my savings to remain in tact which gives me a great deal of comfort.

Christmas on the Brain

I am already struggling with the idea of Christmas. This next week I will break out the remaining $5 for my Christmas budget and figure out how to use it. Thankfully, the kids are all great and I know they will be thrilled with anything. I truly do have great kids. The goal is to have Christmas done especially for the 3 boys and Texas family so I can avoid any shipping charges. Crossing my fingers. I’ve got to weeks to wrap it up.

Next Milestone Goal

I anticipate that my next credit card will be paid off in January at latest. The Frontier card, that is. Then I have to decide whether to focus on the final CC or pay off my dad. I feel like it should be my final personal loan. But my dad has made it clear that he is fine waiting. So I’m leaning toward the credit card. No promises, but I am sticking with the plan of paying off the credit card debt first.

I’ve also got to re-evaluate my tax plan for the new year since my annual income will be significantly higher than this year. (I’m also hoping for a bonus this year. Can’t plan for it, but I’m hoping.)

 

 


2 Comments

  • Reply Eli |

    Why does it look like you put so much onto the USAA debt only to put a similar amount on the Frontier card with a higher interest rate?

    • Reply Hope |

      I use my USAA card to cover my auto insurance every month. So I pay a good amount and then re-use it half way through the month.

So, what do you think ?