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Browsing posts in: Health
Nov 15, 2023    |       18 comments

A Rough Patch is NOT Going to Stop Me

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After I started coming out of my funk from last year, I knew that this year was going to be my year. Needless to say, it hasn’t been.

Not only have I struggled to find a well paying job, but the trauma of last year took a lot more out of me than even I realized. The healing has been slow with lots of set backs.

But I am determined to go into 2024 with a whole lot of fight and determination to make it not only a great year, but a super productive year as far as my debt payoff journey goes.

Obviously, getting a steady stream of regular income is Priority #1. And I am working toward that DAILY. I am advertising on social media, creating all the digital assets to grow a mailing list, pound the street daily, and reach out to my network on a regular basis.

I know I can do this. I have done it before. And now it’s just me, so I’ve got nothing but time to work, grow my skills, and work some more.

What’s the Plan

So BAD community, you saw my debt update a couple of days ago. Once I get back on my feet, have enough regular income to cover monthly bills, AND have a $1,000 EF saved again. What should my next step be?

I am literally all ears and 100% ready to listen and abide by your wisdom. No trip planning. No crazy adventures. Will see all the kids in just over a month.

I am ready to 100% buckle down and go hard to become debt free. Give me your best advice here.

This rough patch will not beat me. It will only serve to motivate me.

Nov 14, 2023    |       12 comments

Hope’s Debt Update – mid-November, 2023

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Things are still pretty dire. I am still significantly behind on several “four walls” bills. So there are debt payments that are just not getting paid.

Figured I would get that out of the way, so you wouldn’t wonder why some of these debt numbers are going up!

Debt DescriptionOctober, 2023 TotalInterest RateMinimum PaymentPaid This MonthCurrent Total
Personal Loan #1$2,5000%6 months to pay$2,500
Personal Loan #2$2,5000%6 months to pay$2,500
CC - AMEX$89429.24%$93$954
CC - Wander$1,63029.24%$124$1,834
CC - USAA$5,00019.15%$135$131$5,190
CC - Amazon$1,49729.99%$53$55$1,519
CC - Sams$1,106*29.99%*$40$40$1,113
CC - Frontier$3,85729.99%$338$170$3,994
Car Loan$19,58112.69%$500$563$19,581
Student Loans$22,1212.875%$306Deferred until Dec, 2023$22,186
CC - Apple**$500$500$497
Total$61,186$61,868

A couple of notes:

*The website to get my statement and these details was not available so these are estimates.

**I pay this CC off every month and reuse. This and the USAA CC will be left open. But the goal is to pay off and close all other lines of credit.

Catching Up

On the flip side of that, I have contracted out enough work to pay the bills through the end of January. Most of these are one off projects. My regular monthly intake has increased from the $2,200 per month from my part time job to around $2,700. (I will need to allocate some of this additional income to self-employment taxes.)

I am hoping to be caught up with everything by mid-December. This really depends on how timely I will receive payments for these projects. And I’m hoping to resume saving with the $200 from my part time job. I will definitely feel more comfortable when I have some sort of emergency fund again.

I continue to literally pound the pavement on a daily basis. Hitting up and few brick and mortar stores and introducing myself and dropping off a flyer details my service offerings from web design to social media management and everything in between.

 

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