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Posts tagged with: debt update

Hope’s February, 2018 Debt Update

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It seems like a lifetime ago that I did my last debt update, but it was just two months ago.

Debt Balances as of Feb. 26

Creditor
Balance

(as of 10/14/17)
Interest
Min. Payment
Car$8,2737.00%$308
Credit Card$5,01417.00%$36
Summer Camp (2018)$1,4310.00%$0
Student Loans$34,0732.88%$307
Taxes (State)$5,8000.00%Re-negotiating
Self Lender$67910.57%$97
Collections 1 (Medical)$186$0
Collections 2 (Apartment)$499$0
Collections 3 (Ex-husband)$5,8216.25%$246
Computer Equipment$022.90%$0
Amazon$026.99%$0
Total$61,776$994
There does not seem to be much needs explaining. I am only paying the minimum due on each debt right as I job hunt.  The tax debt is being renegotiated because the state’s number were evidently based on the federal tax returns that were returned saying I owed $18,000 but have since been corrected.  (Issue was the result of my adopted sons’ last name change.)

Cash on Hand

As of today, I am down to my last $200 in my everyday account. I have not received my final paycheck and have not heard whether my unemployment benefits have been approved. The local career center for the Georgia Department of Labor representative told me to call back tomorrow. It sounds like my employee is continuing to dispute my claim. No words!

They are also still holding my 401K hostage with their approval process. It’s been two weeks since I requested the move. I made another phone call to Voya today, and they said since I had already called the employer, they would prompt the account manager. I don’t know what good it will do, but my hands seem to be tied.

Next Steps

Needless to say, I’m applying like a crazy person.  I think last count I have applied for over 153 jobs through LinkedIn and have now added Indeed, Guru and several other job sites to my daily hunt. Do you have any other suggestions of places to look?

I will begin drawing from my savings at the end of this week if nothing else comes through.  This makes me so sad, but also so grateful. But mostly mad!


Hope’s December Debt Update

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It is time for another debt update. But I’m really excited about the one to come in January. You will notice that other than eliminating my Amazon debt, very little has changed in my debt load since my last update. Per my Plan #1, my goal is to pay off the computers by the end of the year. I’ve been paying the very minimum required on all debts in order to meet that goal. I’m still on track but it is going to be VERY, VERY close.

Creditor
Balance

(as of 10/14/17)
Interest
Min. Payment
Car$9,3147.00%$308
Credit Card$4,47517.00%$36
Summer Camp (2018)$3,3750.00%$0
Student Loans$34,3492.88%$307
Computer Equipment$2,71322.90%$84
Taxes (State)$5,8000.00%$100
Self Lender$97010.57%$97
Collections 1 (Medical)$618
Collections 2 (Apartment)$499
Collections 3 (Ex-husband)$6,2606.25%$246
Amazon$026.99%$0
Total$66,273$1,178

Meeting My Deadline for Plan #1

To make it happen, I have stopped paying on the kids’ summer camp. We’ve also continued to mostly eat through out pantry which means other than canned veggies we are down to almost nothing in our kitchen.  The kids are not too thrilled with me right now.

empty pantry
Today I will surprise them by restocking our kitchen in preparation for Christmas. They are going to be thrilled. We’ve had a white board going with a grocery list of all their wants and needs.  I’m hoping I can get everything for right at $150. And if we can make it to the end of the year with those groceries…that will be $200 spent this month on groceries and an extra $400 towards my end of year goal.

We won’t be able to do this again because we really have cleaned the pantry shelves, but it is has really helped this fall with paying off some debt and getting ahead on other things.

Next Steps, New Year

I will review my overall financial plan after the new year. I’ve had some more changes on the job front, but I’m not ready to publish them.  I’ll have a better idea after January on how my income is going to look.

It’s stressful, but I’m making good headway in picking up odd jobs and at least part time stand alone clients.


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