by Hope
I spent some time today playing with forecasting my debt free date based on the two remaining debts – student loans and car. If I pay right at double the minimums – $307 and $500 (self set minimum) – I have two more years until I will be debt free.
That does not make me happy. And for the first time, I felt a significant twinge regarding our car loan. But it did pass quickly. I truly love and Princess does truly love our car. So moving on…
My goal is to look at my budget and see if I can squeeze out some additional debt payments to expedite my debt free date. I don’t know how…but I would like to be debt free no later than Princess high school graduation date, May, 2021.
Just a year and a half to pay off $50K in debt. It’s not insurmountable. But it is going to take some serious work and dedication.
I think that date is ideal as I will be essentially “done” with children at home at that point. (Not saying they won’t be living here anymore, but those that are will be working and contributing in some form or fashion.)
I’m not sure how I will do it quite yet. But I have learned that when I work backwards from a goal or deadline, I tend to me much more successful. Perhaps I have been going about this all wrong since the beginning…
Any thoughts for feedback on this goal? This plan? This mindset? Any tips for accomplishing this?

Hope is a resourceful and solutions-driven business manager who has spent nearly two decades helping clients streamline their operations and grow their businesses through project management, digital marketing, and tech expertise. Recently transitioning from her role as a single mom of five foster/adoptive children to an empty nester, Hope is navigating the emotional and practical challenges of redefining her life while maintaining her determination to regain financial control and eliminate debt.
Living in a cozy small town in northeast Georgia with her three dogs, Hope cherishes the serenity of the mountains over the bustle of the beach. Though her kids are now finding their footing in the world—pursuing education, careers, and independence—she remains deeply committed to supporting them in this next chapter, even as she faces the bittersweet tug of letting go.
Since joining the Blogging Away Debt community in 2015, Hope has candidly shared her journey of financial ups and downs. Now, with a renewed focus and a clear path ahead, she’s ready to tackle her finances with the same passion and perseverance that she’s brought to her life and career. Through her writing, she continues to inspire others to confront their own financial challenges and strive for a brighter future.

