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Looking Forward to the End


My daughter and I had a heart to heart this evening about dual enrollment, high school graduation and the looming milestones approaching…drivers license, college or technical school after high school. And that brought up a long term dream of mine, to build a home.

And her statement was that in all these years that I have spoken of my dream, she always thought she would live there, in my dream home. And the reality is, that won’t happen. Building a home isn’t even on the board right now.

But it did get me thinking about the future. And using a Dave Ramsey based spreadsheet full of formulas based on the snowball method, I decided to look at when my debt free date might be. Using my December debt numbers, an estimated $2,000 month debt payment and the priorities I listed earlier this month, this is when my debts will be paid off. (My current monthly minimum payment is $806 including $100 per month towards the student loans.)

Guys, I could be debt free in exactly 2 years. Completely and utterly debt free. And how perfect would that timing be. Princess is set to graduate in May, 2021. And being debt free, I would be in a much better place to help her with the next phase of her life (and myself, of course.)

This is very motivational. And really gives me a concrete goal to strive towards. It’s no longer a pie in the sky.

My ultimate goal is now to be debt free by 2021! What a great way to start this coming year! What are your financial goals for this year?


Hope’s Debt Update – December, 2018


I felt so good about my significant debt payment after our No Spend Month but this total debt number is not going down fast enough! But I am fairly confident Collection #1 will be paid off before the end of 2018 – yeah!


(as of 10/14/17)
Min. Payment
Student Loans$34,7252.88%$0 (income based deferment)
Credit Card$3,55717.00%$60
Collections 3 (Ex-husband)$1,0036.25%$246
Collections 2 (Apartment)$499$0

I am working on my new monthly budget now and will publish it later this week.

Next Plan?

I’m also torn as I begin thinking of my next targeted debt; it’s between the credit card and Collection #2 in my mind. But I’m leaning towards Collection #2 since it is such a small amount comparatively and will be a nice ego boost to have all collection accounts cleared up. But the credit card interest is significantly higher. What would you do?

Student Loan Debt

In the same thought, I’m already steering away from Dave Ramsey’s path again, and thinking I need to start paying something every month towards my student loan debt. I know it’s in income based deferment for a few more months, but the interest jump was a couple of hundred dollars. I want to really start seeing that total number drop.

As you can probably hear, I am conflicted. But I’m also not rushing into a decision and weighing all sorts of scenarios. I figure I have until next month to really make a firm plan as I am definitely targeting Collection #1 and getting that gone.

That will free up $246 per month AND be a HUGE weight off my mind as it is the last, very last financial tie to my ex-husband. Now that has been a LONG TIME coming. And I couldn’t be more excited from that point view.

I’m all ears for your recommendations. But know I am committed like never before (and actually making enough money these days to follow through with my commitment!) Debt free here I come!!!