by Hope
Today Jake has officially moved in with his dad, my youngest son, Gymnast. And I have passed off the financial responsibility on to him as well.
Jake moved in with Princess last summer when she got her solo apartment. I insisted on it as a security measure. And frankly, the two boys dogs just were a lot to handle together. All in all it worked out great for everyone.
Princess got some security as she settled in. Gymnast got the rest of the year to get his own place. And I shed some of the responsibility of physical care of another dog.
But I continued to contribute financially to his upkeep. When I bought food, I provided for him. I paid for the annual vet visit. Etc.
Now Gymnast will take on those responsibilities! We are all happy campers about this. Another right of passage for my growing kids completed.
On His Own Insurance
Gymnast made another leap into independence last month. He got his very own car insurance policy. He finished paying his car off in December. We completed the switch in car title while he was in Georgia in January. And then he shopped for insurance.
His monthly premium on the family plan was right at $458 per month. (He has had 3 wrecks since getting his license, including totaling his first car back in 2021.) That made our monthly payment $930 per month. Ouch!
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- Wreck #1 – Gymnast totaled his and Princess shared car in Dec, 2021. He should not have survived this wreck, can came out with air bag burns and scratches. God was watching out for him!
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- Wreck #2 – Gymnast was run off the road by a man in a rage. While there was a witness to the aggressive driver, no charges were filed so Gymnast was held responsible
I covered his insurance payment for the last quarter of 2024. And he used that time wisely to pay off his car. So proud!
Anyways, he shopped around, found full coverage for right at $800 for 6 months and made the switch last month. I am just so freaking proud of him. (All my kids, really.)
So while he had started covering the cost again in January. It does take some of the mental pressure off me to be on his own policy now.
New Insurance Rate
Beauty got her own policy last fall when she purchased a new car. (She was on the family plan as a driver since she drove my car regularly.) Gymnast moved to his own policy this past month. So it’s just Princess and I. And this month is the end of the 6 month policy. I’ve just gotten our new rate for the next 6 months…
$273 monthly payment. I about fell out of my chair when it came through. I know there are lots of factors with insurance. Princess turns 21 this term. Credit score has greatly improved. Clean driving records.
Grateful! Another step to improving my financial future.
Hope is a resourceful and solutions-driven business manager who has spent nearly two decades helping clients streamline their operations and grow their businesses through project management, digital marketing, and tech expertise. Recently transitioning from her role as a single mom of five foster/adoptive children to an empty nester, Hope is navigating the emotional and practical challenges of redefining her life while maintaining her determination to regain financial control and eliminate debt.
Living in a cozy small town in northeast Georgia with her three dogs, Hope cherishes the serenity of the mountains over the bustle of the beach. Though her kids are now finding their footing in the world—pursuing education, careers, and independence—she remains deeply committed to supporting them in this next chapter, even as she faces the bittersweet tug of letting go.
Since joining the Blogging Away Debt community in 2015, Hope has candidly shared her journey of financial ups and downs. Now, with a renewed focus and a clear path ahead, she’s ready to tackle her finances with the same passion and perseverance that she’s brought to her life and career. Through her writing, she continues to inspire others to confront their own financial challenges and strive for a brighter future.
