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Is it Worth It to Fix It?

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We had a wonderful trip. Having the rental Chevy Tahoe really alleviated the cramped space and concern of potential car trouble while on such a long road trip. Not to mention, Sirius/XM radio offered a full 10 days of free service so we enjoyed commercial free music for the almost 40 hours we spent in the car. It was great!

New Orleans Fun

We stopped in New Orleans on the way there and on the way back. We walked all over, enjoyed the unexpected festivities associated with the football games and of course, enjoyed our beignets at the original!

Hit and Run on Our Return

Our trip was so good, that we are already planning a return trip in April when all the kids have Spring Break. And I was already planning on renting another car for that trip.

We arrived to return our rental car in good spirits with plans to head to the grocery store to restock our pantry. As we parked next to my car, we saw this….

Someone hit my car while it was parked in the rental car company’s lot. And of course, no one knew anything. And I was “parked at my own risk” according to the rental car representative (there were no signs posted as I have seen in hotel parking lots.)

My question is, after getting it checked out to make sure there is no functional damage, is this worth fixing? Is this worth filing a insurance claim for? (My deductible is $1000.) And I have no intention of selling this car, it will be driven until it dies a large, slow, hard death.

Plan #6: Tax Debt

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We survived No Spend October, extended it into November and have just returned from a fun holiday week with my family, it’s time to get serious about driving down my debt balances again. As I mentioned in a previous post, I was able to save enough to pay a good chunk towards my tax debt the week before Thanksgiving.

I did really well in the last year with my targeted plans:

Pay Off Tax Debt

I had decided before the overwhelming success of No Spend Month, that the next debt I would zero in is the outstanding tax debt left over from my marriage. While the interest rate is not as high as my credit card, the mental burden is HUGE! And I want it gone.

I have decided to take a page from the Dave Ramsey playbook and focus on it with a debt snowball. (Not sure if I’m saying that right.)

I’m going to continue to pay the minimums on all other debt (except my car payment which I will continue at $400 per month instead of $308.) And then at the end of every month, make an extra payment to the tax debt based on my income that month.

Anticipating that work will continue to be steady and continue to grow, my goal is to have this debt completely eliminated no later than January, 2019. But I hope to pay it off in December by sticking to a more frugal monthly budget as we did in October. As of now, the balance is right around $1,001.

Full debt update coming next week…