Hope’s Debt Update – June, 2024


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Boy, lifestyle creep is a real thing. But I am recognizing my proclivity to become more relaxed with my finances as I get more and more caught up. And I am NOT going to let up.

This time last year, we were making it on less than $2,000 per month, barely making it. And here I am making almost 4 times that and somehow, getting to the end of the month feeling a bit desperate. Yup, lifestyle creep is happening. And it’s got to stop now!

This month, I return some of my focus to saving more intensely. As of June 1, 10% of every bit of income is going directly into savings. I am paying myself first. I’ve been so focused on digging out and catching up, that I have failed completely to save. That stops now.

Priorities:

  1. Regular and focused savings: 10% of every income.
  2. Payoff personal loan debt.
  3. Make sure Princess senior year is paid for.
  4. Regular and significant payments to CC debt.

Before you jump down my throat about #3. I will explain in the next post. But there are this month’s debt numbers.

Debt Update

Debt Description October, 2023 Total Interest Rate Minimum Payment Current Total Payoff Date (Est)
Personal Loan #1 $2,500 0% $500 (beg April) $500 July, 2024
Personal Loan #2 $2,500 0% $500 (beg April) $1,000 August, 2024
CC – Wander $1,630 29.24% $75 $1,418 September, 2024
Dad – New Furnace $2,600 0% $500 (beg July) $2,600 December, 2024
CC – Amazon $1,497 29.99% $48 $1,433 August, 2024
CC – Frontier $3,857 29.99% $131 $3,618
CC – USAA $5,000 19.15% $135 $3,274
Car Loan $19,581 12.69% Gymnast Pays $15,532
Student Loans $22,121 2.875% In Deferrment $22,602
CC – Apple** $500 Paid off every month $0
CC – AMEX $894 29.24% $0 $0 Mar, 2024
CC – Sams $1,106 29.99% $0 $0 April, 2024
Total $61,186 $1,389 $51,977





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