Hope’s Debt Update – October, 2024
by Hope
This month is pretty much a wash since the bulk of the money I would have paid off debt with is going to Princess’ dental surgery. I am using a CC for the fee. I paid it off at the beginning of the month, but will max it out with the surgery.
So the card won’t get paid off until next month.
| Debt Description | October, 2023 Total | Interest Rate | Minimum Payment | Current Total | Payoff Date (Est) |
|---|---|---|---|---|---|
| CC – Frontier | $3,857 | 29.99% | $130 | $ | November, 2024 |
| Dad – New Furnace | $2,600 | 0% | $0 | $2,600 | January, 2025 |
| CC – USAA | $5,000 | 19.15% | $135 | $ | November, 2024 |
| Student Loans | $22,121 | 2.875% | $ | September, 2025? | |
| CC – Apple** | $500 | Paid off every month | $0 | ||
| CC – AMEX | $894 | 29.24% | $0 | $0 | Mar, 2024 – Closed |
| CC – Sams | $1,106 | 29.99% | $0 | $0 | April, 2024 |
| Personal Loan #1 | $2,500 | 0% | $0 | $0 | July, 2024 |
| Personal Loan #2 | $2,500 | 0% | $0 | $0 | August, 2024 |
| CC – Wander | $1,630 | 29.24% | $0 | $0 | August, 2024 – Closed |
| CC – Amazon | $1,497 | 29.99% | $0 | $0 | September, 2024 |
| Total | $44,206 | $265 | $31,523 |
I did make some extra money this month on a side project. (It was supposed to come in last month.) And I’ve put that towards my personal loan. Otherwise, not much to report on the debt journey this month.
Next Goals
After I pay off the Frontier CC for good next month (November), I plan to tackle the personal loan next. I realize that the USAA CC is still high and accruing interest. But it will feel good to pay off my dad and go into the new year with just the one remaining credit card debt.
Quiet Focused Months Ahead
Other than the family trip to Texas at Thanksgiving, I anticipate some very quiet, focused months ahead. As of this posting, none of the boys will come to Georgia for Christmas. And the girls have their own residences now, so it will be pretty low key. I’m working on planning house projects on the weekends in anticipation of putting the house on the market in the new year. I’m thinking that will happen in March right now.
I’m also planning to meet with a few real estate agents over the next month to determine what projects MUST be done and what can be avoided. That will certainly affect the budget over the next couple of months especially once I figure out what I can do myself and what I will need help with.
Any tips from the BAD community for selling a house?
Hope is a creative, solutions-focused business manager helping clients grow their business and work more efficiently by leveraging expertise in project management, digital marketing, & tech solutions. She’s recently become an empty nester as her 5 foster/adoptive kids have spread their wings. She lives with her 3 dogs in a small town in NE Georgia and prefers the mountains to the beaches any day. She struggles with the travel bug and is doing her best to help each of her kids as their finish schooling and become independent (but it’s hard!) She has run her own consulting company for almost twenty years! Hope began sharing her journey with the BAD community in the Spring of 2015 and feels like she has finally in a place to really focus on making wise financial decisions.