by Hope
I’m afraid this is not the post I had planned, between being super busy (more on that next week) and suddenly coming down with a head cold, I just haven’t had time to get everything together. So I will do a brief update now and then more thorough one as soon as I can breathe again.
To make it easy, here’s my original debt load that was posted on my first post: Hump Day is Hope Day.
| Creditors | Amt Owed | Total Interest | Pymts Left | Payoff Date | Interest Rate |
| Retail Card #1 | 413.00 | – | 1 | Apr-14 | 0% |
| Property Tax | 700.00 | – | 2 | May-14 | 0% |
| Loan from Dad | 3,830.00 | – | 6 | Sep-14 | 0% |
| Credit Card | 4,974.00 | 440.68 | 10 | Jan-15 | 13.9% |
| Retail Card #2 | 2,264.80 | 499.76 | 12 | Mar-15 | 25.99% |
| Car Payment | 31,138.00 | 2,800.77 | 25 | Apr-16 | 6.79% |
| Line of Credit | 1,049.00 | 58.25 | 6 | Sep-14 | 15.95% |
| Student Loan | 31,687.00 | 2,622.91 | 42 | Sep-17 | 2.88% |
As of April, Retail Card #1 is at a $0 balance – woohoo!
Nothing else special got done, but stay tuned to see what happens this month. (I will get more details up as soon as I can.)
Again, sorry for lack of details, but pounding headache and lack of breathing have gotten in the way of anything not vital right now (but I did make it through my shift at my new job this morning, giving myself points for fortitude on that one.
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.
That 26% rate makes me itch all over. I know it’s important to you to pay back your father. I mean i KNOW that. But my math side is like, no no no, unless dad is starving, pay down that horrific 26% first!
or at least do a balance transfer! That is terrible – I’m guessing it’s a retail card.
Hi emmi and debtor,
I am planning to try and get a consolidation loan from my local credit union when I return from our travels, am doing my best to put myself in a good situation for that attempt as I’m with you on those interest rates!
Hope – doing the math, it look like you are paying your dad about $640.00 a month…is that correct? If so, I would suggest you talk to him and see if you could just forgo those payments for four months and knock out that high interest credit card in short order. Then you would be able to pay him back while not accumulating a massive amount of interest charges each month. Just reassure him you are not “not wanting to pay him” but trying to get your financial house in order and those few months (or maybe even less if you can throw everything at that debt) would give you a HUGE boost in your quest. Good luck!!!
It’s not really my dad demanding the quick pay off, it’s more my subconscious. I HATE being in debt to him with all that I already owe him for getting me into our home. I will definitely consider this as I get prepared for June after our travels these next couple of weeks.
Thank you for your suggestion!