So, I may have overlooked some debts. What kind you may ask? Oh, nothing much, just a little thing called a mortgage, a car payment, and some store cards that I have equalized payment plans with that charge zero interest.
I decided to leave the mortgage out because I’m in the process of selling. It’s a long horrid story that involves buying a duplex with family, and it all went horribly wrong. I cannot sell fast enough and unfortunately this market sucks big huge hairy monkey balls right now. Boo that!
The car payment loan…it’s a biggie that’ll be with me for around 5-6 more years. I can afford the car payments, and I absolutely need a car so this is a must and something I cannot get rid of.
The store cards….I bought a fridge when mine broke. Ok, so I didn’t have to buy the Cadillac of all fridges but I did. It’s a monster and will probably never fit into any kitchen when I have to move but whatever. I’m stuck with it now.
The other big purchase? A 60 inch flat screen smart TV. The smart part totally sold me, and guess what? I have never used any of those features. The TV is fucking smart and I’m fucking stupid. The end!
SO, if we tally in all that added debt you want to know what my new debt total is? Brace yourselves!
Store card 1 – $1552.24
Store card 2 – $1938.34
Car loan – $23,129.69
TOTAL: $ 364,813.51
TOTAL DEBT INCLUDING ALL DEBTS = $398,059.78
THIS is why I did not include the above debts in my debt total, that number is crazy scary.
Hopefully I will have soon sold the duplex and then I won’t have that hanging over my head.
As for my store cards they do not accrue interest and I pay them on time every month and therefore the totals are going down quickly.
As for my car payment, I was lucky enough to get a good interest rate when I applied for the loan so the principle has been going down.
In the meantime I have been paying my minimums on all other debt and trying to decide a plan of action. Every time I think I can pay this all off on my own something gets in the way. I have recently thought about bankruptcy but then I have to live with a really bad credit score for at least 6 years. I don’t know that I can do that.
I’m torn. In the meantime I plan on spending the least amount of money possible and just maintain all my payments. I need to decide soon though because this debt is making me super stressed and has been for some time now.
Any tips, or advice is always appreciated. I find comfort in reading other blogs like mine, it’s encouraging and makes me very hopeful for the future. 🙂