by Hope
While I did pay off my credit card this month…yeah!!! I did take on the responsibility for a car loan. A car that my daughter and I will share. A car that is in fantastic shape, has years and years of warranties and roadside assistance and one that will take care of all our needs for the foreseeable future.
Without further ado…here are my new debt numbers.
(as of 10/14/17) | |||
|---|---|---|---|
| Student Loans | $34,378 | 2.88% | $306 |
| Honda HRV | $21,200 | 3% | $0 |
| Credit Card | $0 | 17.00% | $0 |
| Total | $55,578 | $306 |
While the required minimum payment for the car is $0 until June per the agreement with my uncle. My goal is to have the car paid off in 3 years so I plan to start payments this month.
I think the BAD community misinterpreted my reveal of the car. I am in no way shackling my daughter with this loan. But yes, I do expect her to contribute. There is nothing wrong with that. I do not feel like I need to defend that. Many of her friends are expected to buy their own cars. Some of them help pay house bills. After the volleyball season, she will look for a job. And she will work part time.
My new budget will be published later this week. I guess what I have to decide now is how to prioritize my two debts.
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.
