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Loan from Mom

July 28th, 2016 at 01:57 pm

Now that the our very last debt, the 0% interest loan from my mother to pay off medical debt is getting down to a reasonable level that I don't have as big an issue seeing anymore, I'm going to start doing a countdown.

$35,000.00 Starting Balance
+_1,000.00 July Payment
---------------------
$34,000.00 Remaining Debt Owed

We will keep up with the $1000 payments for as long as we can after the layoffs. We should be able to live for a year on our savings and still make payments to Mom, though she may insist we drop them to $500 a month, but I really hope DH finds a new job before that. I really want to stay on track though and be done with it. It's the worst debt to have, to family.

1 Responses to “Loan from Mom”

  1. PatientSaver Says:

    I understand, and I would feel the same way.

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