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Posts tagged with: making sacrifices

Panic Mode to Inspiration – Future Planning (Part 3 of 3)


This morning I rose at 6:00 am, early for a 9am start girl, and made my way to a local Job Transition group. And that is where I will start.  This group is faith based and was very welcoming.

I don’t know what I will do at this juncture…do I try to return to corporate, do I continue with my current consultant structure and resume marketing in the same manner, do I try something new, do I just get any job I can, or do I take the time and really do something out of the box???

I LOVED what they focused on today….essentially they said, that for any of your skill sets that you are considering pursuing as a job…make a 30 second commercial or spiel.  Not that you film yourself but that you have a card with a couple of bullet points that at any given time, you can “sell” yourself.  It’s alot harder than you think.

I think I am going to look for a few other networking opportunities that I can jump in on while I am transitioning to whatever comes next.

I am working really hard to not let panic mode take over and instead focus on the positives….

  • At this point, I will get to really focus on my kids wholeheartedly right around the holiday season, how cool is that!?
  • I do have several resources I can sell…my car being the big one that comes to mind.  And the inspiration for slowing down before I make any quick decisions I might come to regret.
  • My ex husband is to be starting a new job within a week or two and has committed to stepping up to help me.
  • While we are still living pretty frugally there are a few places I can cut back…
    • Cancelled Netflix (we don’t have cable) as we can use Amazon Prime which is paid for the year for entertainment – $9 month savings
    • Cleaning out storage which I should be able to cancel by the end of the month – $70 month savings
    • Changed the animals food to a cheaper brand which I can get even cheaper on Amazon – $60 month savings
    • I’m sure there are more that I will come up as I move forward.
  • This gives me the chance to really start over if that is what I should do as far as jobs go without really letting anyone down.

I will end with this and it’s probably the most important part right now….

I have really struggled over the past year or so in trusting myself and my decisions.  My prayers have been that if I was not on the right path, I needed that made CRYSTAL CLEAR.  This might just be that CRYSTAL CLEAR sign that I needed to push me in a different direction.  I can’t say that for sure, but I am totally and completely open to whatever God may have in store for me/us next.  He has a plan and I will put my faith in Him as I certainly cannot do it myself.



The New Debt Plan


First off, thank you so much for your constructive advice over the last couple of weeks while I sorted out my priorities and created a new debt plan payoff. (You can read my last debt number update here.)

So without further ado, here is the new plan with estimated pay off debts. The debts are listed in new priority order with current balances and estimated pay off dates with new plan:


Name Balance Interest Rate Minimum Payment Estimated Pay Off
Line of Credit $623 15.95% $218  Aug, 2014
Joint Account $807 0% $0  Oct, 2014
Car Loan – NV $30,762 6.79% $696  Mar, 2017
Retail Card #2 $3,297 25.99% $99  May, 2017
Car Loan – Honda $1,900 0% $0  Jul, 2017
Credit Card $5,083 13.9% $150  Jul, 2017
Student Loan $31,687 2.88% deferred  Oct, 2019
Retail Card #1 $0
Property Tax $0

I ABSOLUTELY HATE that I am looking at Oct, 2019 for pay off…so after much review and soul searching there is more to this story…I AM PUTTING MY CAR UP FOR SALE!  On Tuesday of next week I will clean up the car, get the state inspection and put it on the market.  That $696 payment and $30K debt is going away!!!

That is why the car loan is currently #3 as I believe I will be upside down when I get an offer so I neat to get as much paid off as a I can and then I will look at a small loan from my local credit union to make whatever difference is needed.

With that in mind, and with some extra income this month, I anticipate both the Line of Credit AND the Joint Account paid off by July at the latest.  So if those two are paid off as expected AND my car sells for close to asking price, this will be my debt pay off plan.

Name Balance Interest Rate Minimum Payment Estimated Pay Off
Car Loan – Honda $1,900 0% $0 Sept, 2014
Retail Card #2 $3,297 25.99% $99 Dec, 2014
Credit Card $5,083 13.9% $150 Apr, 2015
Student Loan $31,687 2.88% $218 Apr, 2017
Car Loan – NV $0 SOLD
Line of Credit $0 PAID OFF
Joint Account $0 PAID OFF
Retail Card #1 $0 PAID OFF
Property Tax $0 PAID OFF

This will expedite my debt free life by 2 1/2 years…BEFORE my boys would go to college!!!

Now with this in mind there are a few caveats regarding the car sale…

  1. In selling my car, whenever we have the twins’ siblings here, we will be stuck at home except for places we can bike too. Ugh!
  2. After selling my car, I will have to learn to drive a manual because that’s what the Honda is.  Ugh!
  3. I will not be able to take any foster/adoptive placements because the Honda only seats 5.
  4. And of course, I will need to pay it off ASAP, but will only carry liability insurance on it so my property tax/insurance costs should go WAY down.

I am fully prepared to make these sacrifices for now.  I have spent a lot of time thinking about it and looking at the numbers.  I can’t say that I don’t HATE the thought of not being able to help some kids in need, but I know this is the right course of action for right now.

This plan will allow me to 1) pay off debt on my credit report (helps my debt to income ratio,) and should 2) clear up some credit issues as accounts show paid and closed thus raising my credit score.  Can you guess where I’m heading?

I will start dealing with the housing issue this fall after I begin on the second debt plan…woohoo!  (And I may have some news on that sooner as well.)  The earliest the twins will get driver’s licenses is the end of next February.  At that time, I will revisit the car situation and consider purchasing a USED larger car MAYBE.  Hopefully you will stick around to guide me.

So tell me, what do you think of my plan? I AM SO MOTIVATED by those pay off debts!