I am typically pretty decisive on my plan, but I’m really floundering this time around. We just have alot going on at the same time. And I’m struggling with my priority list. So here I am asking for some feedback from you. In a nutshell, here are the things going on in my head that I’m trying to balance along with my debt payoff (these are listed in no particular order other than how they came to mind:)
- Kids Co Op Costs – As I mentioned last spring I am going to be teaching two classes this fall as our homeschool co op to off set the cost of the kids’ classes. I had hoped that those two classes would fill and I wouldn’t have to worry about any tuition costs; however, it does look like there is going to be a difference. Typically, the little’s dad would be helping with this and this would not be an issue.
- Moving/Housing Costs – When our lease is up next April we are LEAVING. So I will definitely have some moving expenses or at least storage costs. Since I HOPE to be buying, I need to seriously consider upping the ante on my savings beyond the EF fund that I add to a little at a time.
- Travel – One of the places I am definitely going to loosen my financial belt a bit this coming year is on travel. We have two trips planned this fall, both to see family, so not much expense except gas and a bit of food…and we’ve just been presented with the opportunity to spend a weekend in DC and work a marathon which would be fun, but it is volunteer and I would have to cover our costs. (I’m not thinking beyond April with this, just short weekend trips to see family.)
- Educational Camps – One thing we really cut back this year was some of the educational camps/experiences we have done in the past. And with the twins beginning their junior year, I’d really like to get a few more in before they are in the “real” world. Not to mention, some of them count as a semester worth of credit for classes so they truly are “school” related.
- Music – We cut music out of our curriculum in the Spring of 2014. It was one of the first “big” cuts I made. At the time I knew it would be a temporary move, but I didn’t realize it would be so long. Princess has been asking when those lessons can resume. So I would like to consider adding them back in for at least her and any of the boys are would be inclined to really commit to it, ie practice.
So you will see I have a lot swirling around in my head thus making my “debt” payoff plan a bit more challenging. I really like my new budget…but I have to consider these others things and really make some decisions again. So let’s talk numbers, here are my estimated costs for the items listed above at least through April based on sketchy ‘ideal’ plans of which nothing has been decided or committed to. In fact, none of this has even been discussed with anyone other than you now…the sucky thing about being a single mom is having no one to bounce these things off of!
- Homeschool Co op Classes – Currently the kids are registered for several classes each over 2 days. The cost per semester will be right at $2,170, I can get a 10% discount off that if paid in full up front. Currently, it looks like I will be able to bring in right at $1,600 for the two classes I am teaching. I do still have openings in them both so if filled, it would cover everything, but I have to plan accordingly for now.
- Moving/Storage – I have no idea how this will go. I would anticipate at least $200 for a storage unit to hold everything if we were to hit the road. And probably a solid $10,000 would be a good place to be if we were to find the right place to buy. These numbers are just coming off the top of my head.
- Travel – Right now I am budgeting $250 per ‘family’ visit trip. This would cover gas, some extra food and that’s about it. Since we’ve been doing this particular trip forever, I know this is slightly higher than needed, but want to give myself a bit of wiggle room. Two times this fall and maybe one time in the Spring before April, so a total of $750 for family visits. And the possibility of DC, I don’t know? (Little Gymnast’s meets are a whole other story and I will cross that bridge when I get to it and have a meet schedule.)
- Educational Camps – There is really one in particular that I would like to send both the twins to for a week early next year and Princess to for a day. The total for this would be right at $1,000. (Oh, I can predict what I’m going to hear about this one…but I’m telling you, this is a solid educational program that they will NEVER forget and it does require about a month long preparation on their part to be ready for it homework-wise that is.) Oh, and if I register them in September, we would get a little over $100 off.
- Music – This one I really struggle with for two reasons. One I know how important music is both educational and emotionally. But on the other side, music lessons are expensive and with our currently living situation…practice would be hard.
Ugh, so if you are still reading and have gotten this far, thank you. I know this is not the most organized post. But this is where I am at as I try to discern the best path for paying off debt which I TRULY am still laser focused on AND maybe add a bit more life back in and plan for upcoming things.