by Hope
Debt Description | Current Total |
---|---|
CC - Frontier | 3,857 |
CC - USAA | 5,000 |
CC - AMEX | 894 |
CC - Apple | 500 |
CC - Amazon | 1,497 |
CC - Sams | 1,106 |
CC - Wander | 1,630 |
Car Loan | 19,581 |
Student Loans | 22,121 |
Personal Loan #1 | 2,500 |
Personal Loan #2 | 2,500 |
Total | $61,186 |
That’s it. That’s where I’m at right now.
I’m plenty ashamed of how far I’ve back tracked so no need to rub it in. And as soon as I get a job I will be on it.
But for now I am borrowing from peter to pay paul at every turn.
Details:
Credit card, credit card, credit card – those are pretty self explanatory. I’ve been using them to keep afloat since the beginning of the year.Four of them are new cards as of this year. Two of them I’ve cut up and am just making the minimum payments. None have late payments. But I am just paying the minimum, and then often using whatever credit is available.
Car – this debt/payment will go away come January when Gymnast takes it over. We are reviewing the options of refinancing it into his name versus him just making the payments and leaving it in my name. I’d like option #1.
Student Loans – have been in deferment for most of the year and will be at least through December. Payment will be $306 per month.
Personal Loans – both taken out in September, 2023 from a friend and a family member. In both cases, there may be the option to work them off. At the time of the loans, I asked for a 6 month term to pay off.
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.