Blogging Away Debt

Hope’s Debt Update – August, 2019

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.

Creditor	Balance (as of 10/14/17)	Interest	Min. Payment
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.

Another one bites the dust…Bye, bye Credit Card!

by Hope

NO MORE CREDIT CARD DEBT!!!!

Yup, even with my splurges from last month, I made enough to pay the remaining balance of my single credit card off today. Woohoo!!!!

I realize that the BAD community is very upset with me for purchasing a car other than my twins’ cars. And I will address that – the financial implications, my plan, etc. I want to get it registered and tagged before I post all the numbers so they are complete. And just to clarify, it is a used car and is NOT a 2019 new car despite the commenters who insisted otherwise.

I did respond to all the many comments…I apologize for the delay. But I was on a very stressful trip to return Gymnast to his father’s and meet with his school guidance counselor. It was filled with new memories, drama as I met his father’s girlfriend for the first time unexpectedly and tears as I said good bye to Gymnast for the time being.

I am looking forward to a quiet weekend, catching up with work I missed while away and the last weekend of freedom before volleyball begins and then school. I am ready for some regularity.

Here’s hoping you have a great weekend. My new budget and debt up will go up next week. We are working on a menu plan for the month and making sure I have the food here and ready to hit the ground running as both History Buff and Princess return to school.