Hope’s Debt Update – April, 2024


Lessons I learned the last two months as I’ve started receiving income again:

  • Paying everything at the beginning of the month can leave you struggling at the end of the month.
  • Even with money coming in regularly, it feels much better to have a buffer in your checking account and at least a small emergency fund.
  • After a year in “starvation” mode, even a little splurge right now feels too much.

Overall, April has been a great month financially. (You can see last month’s debt update here.)

Debt Description October, 2023 Total Interest Rate Minimum Payment Current Total Payoff Date (Est)
CC – Sams $1,106 29.99% $0 $0 April, 2024
CC – Amazon $1,497 29.99% $53 $1,462 May, 2024
CC – Wander $1,630 29.24% $75 $1,605 June, 2024
Personal Loan #1 $2,500 0% $500 (beg April) $1,500 June, 2024
Personal Loan #2 $2,500 0% $500 (beg April) $2,000 June, 2024
CC – Frontier $3,857 29.99% $131 $3,566
Dad – New Furnace $2,600 0% $500 (beg June or July) $2,600
CC – USAA $5,000 19.15% $135 $4,996
Car Loan $19,581 12.69% Gymnast Pays $16,623
Student Loans $22,121 2.875% In Deferrment $22,505
CC – Apple** $500 Paid off every month $0
CC – AMEX $894 29.24% $0 $0
Total $61,186 $1,622 $56,857

Updates

The Sam’s Club card is paid in full. Woot, woot! But I am not going to close it. The kids and I use that membership very regularly for food and gas. The girls and I even got our eyes examined there this past month – only $67 for an eye exam. (If we buy our glasses there, we get 20% off. Princess has already taken advantage of this. I’m holding off at least one more month before spending that money.)

I have rearranged the table (again) to show the order I  am focusing on the debt. With my current forecast, here are the next anticipated payoff dates:

  • Amazon CC – May, 2024
  • Personal Loan #1 – June, 2024
  • Personal Loan #2 – June, 2024
  • Wander CC – June, 2024

I’ve not yet purchased a lawn mower. Still dreading that completely. Thankfully, Beauty’s boyfriend graciously volunteered to cut our grass last week, buying me a few more weeks. I will have to address the need in May for sure. I did purchase a edger/trimmer thing. It ran me $131 and is electric. The downside is that it will only run 25 minutes per battery charge. The upside is it’s the same brand as all my other tools so I will have 3 interchangeable batteries so can get the yard done with quick battery changes. At least in theory! So I can start doing some of the yard with that.

Moving along the right direction steadily. I am working 3-4 12 hour days weekly between my two jobs. And loving every minute of it.

The post Hope’s Debt Update – April, 2024 appeared first on Blogging Away Debt.



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