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Posts tagged with: orthodontist

Hope – Debt Update – April, 2016

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Yikes!  Ya’ll are right, I have not done a debt update in quite a while.  So I’ll make this short and sweet. The last update I found when I looked was this one from  August, 2015 Debt Update which was a couple of months before my whole world/plan blew up with the loss of my largest on-going client.

Here are my new debt numbers:

Debt NameCurrent BalanceInterest RateMin. Mo. PymtOriginal BalanceStatus
TOTALS$????$433?$97,934
Student Loan$33,3452.875%$99$31,687IBRP effective Aug, 2015
Yukon$9820% (6 months)$104$3568Ex pays $246 mo. towards this debt
Orthodontist$????0%$230?$10,800Working on plan April, 2016
Begins Sept, 2015
Checking Account$00%--$741Paid Off - Jan 2015!
CC Intro Rate - Retail #2$03.99%--$3500Paid Off - May, 2015
Personal Loan - Car$012%--$5000Paid Off - July, 2015
Credit Card - Consumer$013.90%--$4,974Paid Off - June, 2015
Credit Card - Retail$025.99%--$2,265Refinanced - Dec, 2015
Car Loan - Accord$00%--$1,900Paid Off - Dec, 2015
Car Loan - NV$06.79%--$31,138Sold - Dec, 2015
Line of Credit$015.95%--$1,248Paid Off
Credit Card - Retail #1$00%--$413Paid Off
Property Tax$00%--$700Paid Off

Just a couple of notes:

Student Loans – Needless to say, the income based repayment plan, while I am SO grateful for it, does not even cover the interest, thus the increase balance since last fall.  So this definitely needs to be on my radar as I get back on my feet.

Ex Husband’s Car Loan – You can see from the balance that both of us have been making payments on this one.  He is super motivated to get it paid off so he can get the title and do whatever.  I am super motivated to get it off my shoulders.  Hoping this one will be gone in the next month or so.  It’s still my number one goal.

Orthodontics – I have just finished negotiating with them after months of trying.  And we have reached an agreement.   So I will update the total now owed with the next update since I’m still waiting on the documentation, etc.

If you have been following the last couple of weeks, you will remember my choice to delay paying my last month’s rent in my apartment to cover the needed expenses for the month we moved.  I have not included that rent payment in my debt because it will be paid in full within the week.

So that is where I stand right now…


Braces, Part II

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Do you remember my braces post….Braces or a Car.  Well, it’s time for the decision.  Went to a follow up appointment for Princess yesterday and she’s ready for braces.  So at the end of August Sea Cadet and Princess will begin the 2 years of orthodontist treatment subscribed by the most recommended orthodontist I could find…to the tune of $5,800 and $5,300 respectively.  Yikes!

If you will recall, this will be Sea Cadet’s second time in braces…poor kid.  But it really is necessary.  I did make the decision go ahead and get his wisdom teeth out first, which is fully covered by insurance.  So we’ll be doing that the first week of August and then they will both begin braces at the end of August.

I’m thankful that the orthodontist offers a interest/fee free payment plan (although with those numbers, I bet there is a fee somewhere.)  So beginning in September I will have a approximately $500 per month ortho payment. New car anyone?

I say approx at this point as I won’t get exact number until August 31st and they will give us a 5% family discount on the most expensive child.  But I’m using $500 as my budget base to be safe and thinking it will be closer to $460 per month.

Kids are expensive!  (But yes, oh so worth it!)


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