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Posts tagged with: california

Hope Debt Update – end of June, 2020

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The girls and I leave today for a week in Texas. We are all very excited to get away and see family. This will be Beauty’s first flight, first trip to Texas so that makes it even more exciting.

My parent’s neighborhood pool opened this past week, with restrictions, but it will give us something to do while we are in town. Our plan is to steer clear of most other public places to minimize the risk to ourselves and my parents as much as we can.

I thought I would pop in with a end of June debt update…so without further preamble, I will let the numbers speak for themselves.

Creditor
Original Debt
Last Update
Current Balance
Interest
Min. Payment
Student Loan #1$17,000.00$11,674.48$8,993.602.88%$0
Student Loan #2$21,750.03$19,561.92$19,536.552.88%$0
Honda HRV$21,200.00$17,631.11
$17,335.273%$250
Total$59,950.03$48,867.51$250
Now as for my budget, I had planned to work on a new one, but there are just too many variables right now. Kids moving in and moving out, staying or not staying and so on. So I’ve decided to wait until August to try to nail things down…

Bot the twins are saying they are planning to move out at the end of the summer…but I am not confident that is really going to happen. And I’m still not sure if Gymnast will live here or return to his dad’s. This flux is hard for me, I am a planner, big time. But I’m learning to just breathe and go with the flow.

The kids are learning that they have to tell me if they are going to be here for dinner though. I’ve stopped cooking every day because so often I would cook and then I’d be the only one here for dinner. It became very frustrating.

Isolation, Independence Kids and School

Overall, this isolation continues to be good for my debt payoff. I am working 10-12 hours most days. My days are mostly uninterrupted since the 4 kids at home are relatively independent and mobile.

Sea Cadet, History Buff and Princess all pitch in to make sure Beauty gets to work and home. And when the girls aren’t working or studying, they spend their free time together skateboarding, a new hobby for both of them, at local parks or crafting around the house.

Georgia’s governor has declared that schools will re-open this fall. I’m not sure how that will look as far as restrictions go. But Princess school anticipates students returning to campus mid-August. We are waiting to hear what Beauty’s school plans to do.

No More Side Hustles for Now

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Over my years here on BAD, I have tried a lot of side hustles. Some have been rewarding financially, some have been utter failures. All in all, I have enjoyed the variety they have brought.

Some of them were:

Homemade Dog Food

Product Reviews

Walmart Reviews & Walking Dogs

Substitute Teaching

But now, I’m exhausted. As mentioned over the last couple of months, work has picked up exponentially. Partly because of businesses evolving due to COVID but a lot of it is the result of increased customer referrals. I am so grateful!

As a result of this increased busy-ness, I have decided not to continue my latest side hustle, as a substitute teacher this coming school year. I had to stop taking assignments when I began care taking for my grandmother earlier this year and then of course, the quarantine began.

The free time I have, I want to spend with Princess and Beauty during their senior year. And possibly with Gymnast if he ends up moving back here.

I don’t anticipate this will greatly affect our financial progress. But it does take a load off as far as scheduling and logistics for getting everyone places.

This certainly doesn’t mean I plan to slow down in paying off my debt. In fact, I’m super excited to post a debt update tomorrow.

But my energy and efforts will all be going to my main income source versus diversifying with side hustles. I continue to take on a variety of clients, both long term and project specific. This gives me a cushion or safety net against what happened a few years ago when I was primarily working for just two clients…

And I’ve got a health EF…I’ve decided to keep my $10K+ EF and grow it slowly. I put a small percentage of my income in it every week. Then I created a second $3K account as kind of front line EF.

All of the other monies I have been stockpiling went toward my student loans this month. And tomorrow I will post my debt update for the month of June.