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Something’s Come Up

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I’ve written this post several times in my head but have had a difficult time putting it down on paper. First, because it’s a difficult subject to discuss. And second, because while I have tried to be as open and honest with y’all as much as possible in many regards (you all know more about my financial life than just about anyone in my real life except my husband!), I don’t think it’s fair for me to bare all the details about other people’s business.

And so with that being said, I’ll tell you now…something has come up.

A very close family member is experiencing pretty debilitating health issues, the full extent of which has yet to be determined. This was a semi-gradual thing, as I started noticing warning signs and symptoms over a year ago. But in the past few months things have reached the next level.

I don’t know what will happen next in terms of this person’s health (though I hope for the best, my fear is that the incident that brought this all to light is really only the beginning of a long road ahead). But I can tell you, in terms of my finances, that I’ll be incurring some additional expenses I hadn’t previously anticipated.

To be more specific, hubs and I have decided that we are going to be making a trip this summer that was previously unanticipated. In the big scheme of things, this won’t be too costly. We went on a trip this past summer and again over Christmas time. So from that perspective, it falls directly in line with last year’s spending habits. It’s just the fact that we hadn’t thought about or planned to take a trip this summer so its money that would otherwise have gone directly toward debt (not to mention the no-income month of May).

I will also say, with the limited medical information I have at this time (hopefully I’ll learn more soon), I think this could have future financial implications as well. I won’t dive into “what ifs” until more is known, but there is a possibility of future trips as well (not just the one this summer).

Our time is so fleeting here on Earth. Remember back when we had 4 new bloggers and we were doing a weekly Q&A series? One of the questions asked, “What is the hardest sacrifice you’ve made to get out of debt?”

We never did get around to answering that question as a group, but even at that time I absolutely knew my answer: Not living near family. THAT is my biggest sacrifice.

When I was in graduate school my #1 goal in life was to graduate and immediately move back by family. When we had kids (during my last year of grad school), that feeling only intensified. But things change in life. Husband’s business was growing and by the time I graduated in 2013 we really weren’t in a financial position to pick up and move. It just didn’t make sense to leave husband’s income and move to a place where he had none. What would we do? Move back in with parents? That wasn’t a desirable option for either of us. The much more reasonable and undoubtedly financially sound decision was to stay put. Husband keeps working his job, I keep working mine, and we keep chipping away at our debt.

But it was a tough pill to swallow.

During 2009-2010 (our early years in Arizona, before we had kids), my grandfather suffered from a series of health issues. He had 3 strokes – each worse than the one before. He had to have multiple surgeries. He ended up living on-and-off in different rehabilitation clinics so he could regain strength and motor ability following each of his health set-backs. Being so far away during that time crushed me. Not only did I hate not being there for my Grandpa, but I hated not being there for everyone else, too. You see, a major health issue like this affects the ENTIRE family, not just the afflicted individual. My poor mother was killing herself to try to be at my grandfather’s beck and call (mind you, the woman still works a full-time job, too). My sister had to run errands, buy groceries, cook food, and help with his meds. My brother went over to mow the grass, check the mail, and walk the dog. And on and on and on. You know who didn’t do anything? ME.

Granted, not for lack of caring. Of course I’d like to share in the burden and help my family! But the distance is extremely difficult. I’d call and chat and try to lift spirits a bit. We visited a couple times a year. But I was unable to help in any of the day-to-day duties that ended up piled on my other family members’ shoulders. That type of guilt is a difficult thing to overcome.

And so here we are again. A different situation, granted – different person, different health issues, different treatment and prognosis.

This type of storm would be so much easier to weather if we were debt free. Absolutely! It’s a big motivator to get out of debt.

But at the same time, it’s a big reminder that life does not wait until after the debt is gone. You can’t just push “pause” and hope everything remains the same for multiple years until the debt-monster has been eradicated.

So I will try to take a balanced approach. Nothing in my debt plan of action will change – I will continue on as usual (paying $500/month toward my balance transfer loan, as much as possible toward my car loan, and all else will be minimums), but I may end up traveling a bit more than anticipated, which means we may have a little less to put toward debt during those months than during others.

All we can do at this time is wait and see what happens. Visit more doctors. Gather more information. Come up with a health plan-of-action. And hope for the best.

What’s the hardest sacrifice you’ve made to get out of debt?

May 2015- Month in Review

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I hope everyone is having a great weekend!

Here’s quick look at my May 2015 month in review:

  • Mother’s Day came and went (here). I visited my mother in Buffalo with some fresh cut flowers and a hand written note expressing our gratitude towards her. We celebrated at home with a little goody bag, a dinner of my making and a relaxing night in, watching our favorite show.
  • I paid off another student loan (here)! This one had an original balance of $6,096 when I graduated college.
  • I shared my feelings about the importance of support groups (here)
  • Memorial Day came and went (here). I used my fun fund ($50) to buy all that we needed for a family picnic. We also had a fantastic day at the local amusement park. The fun fund was a great idea that I’m going to continue using until the debt payoff is complete.
  • We planted a (small) garden in our backyard (here)! Kudus to my GF as she did 99% of the work- I was mostly there for moral support. We planted a variety of the vegetables we use most- tomatoes, cucumbers, bell peppers and hot peppers. Update- the plants are doing great and we’re starting to see our first peppers!
  • I discussed what will be the hardest part of journey- paying of the large loans  (here). Update- I’m using July as both a physical vacation (I’m going to Walt Disney World for 7 days) and a financial vacation before I hit the large loans hard. I’m going to pay off my minimums, but the rest of my money will be put towards both vacation and other things I’ve put off.

From a financial standpoint, I’ve hit a big milestone:

  • I’m under $50,000 in student loan debt!!
  • I paid off Sallie Mae 05!
  • And overall, I paid off $2,603.04 in debt. It was a big month for debt payoff.

Enjoy the rest of your weekend!