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Payday and the Evil that is Racoons

April 22nd, 2011 at 08:25 pm

DH put his airline ticket on the wrong credit card. I went to go pay off the interest that always comes through after you pay off a credit card, which was $40 and some change and noticed he'd put it on the paid off Master Card instead of the air miles reward VISA. The two cards look very similar, both black, both from BoA.

It's an easy mistake to make. *sighs* But now it's got $355 on it, so I can't pay it off again until May 13th. Frown It's not the end of the world, I was just looking forward to seeing it zero out again, and at least it means that the VISA is still under $20,000 which it wouldn't have been if he'd put it on the air miles card. He's going to take it out of his wallet and stop carrying it altogether.

I made a payment of $1000 on the interest free medical debt loan I owe my mother, which brings our balance to $89,000, with seven years and six months and 89 payments to go, $21,000 paid off so far.

This was the little payday, it only has two days wages on it, so the rest of the money, plus what I've put aside, is going to stretch over the next two weeks of no paychecks.

I didn't take any cash out of the bank as I still have $52 in my wallet. I think I can get by on that for the next week.

A racoon got into Mom's chicken coop last night as she forgot to do the locks. Racoons are very capable of opening simple doors and it did. It killed 4 chickens. What really gets me is that it only ate one of them. It killed the other three just for sport, I think. Racoons are just such nasty creatures. So we are down to zero ducks and two chickens.

I kind of wish she'd give the chickens to this lady she knows on a farm. I think it's just too much work for her and that's why she's gotten so lazy about things. But her laziness has lost her one duck three days ago and now four more chickens. She started with 10 chickens and 4 ducks. Only one animal death was not due to her being careless about something. I'd rather see the chickens go than have to listen to that inhumane screaming in the middle of the night as a racoon kills a chicken. It's one of the most awful sounds in the world.


April 9th, 2011 at 01:38 pm

On April 9, 2006 I started this blog. It's hard to believe it's been five years (even if I took one year off from blogging there in the middle). In that time we have paid off a lot of debt, most of it incurred from having really bad medical insurance and multiple surgeries. We started at around $200,000 and had medical expenses somewhere in the middle that added to that total as well as bought a new car (at one point we were as high as $250,000).

We have paid off a lot in the last five years, but honestly the real progress has been made this year since January by paying off the $38,323.87 from the BoA Gold Star Loan and $8000 of credit card debt (paid off one card and most of a second card).

What we are left with now is:

$90,000.00 owed to Mom for medical debt
$21,224.97 mortgage
$15,839.43 car loan
$21,044.92 total credit card debt
148,109.32 total debt owed

But of the unsecured debt owed it is $111,224.97. Hopefully we will be able to sell the house within the year and then that debt will be gone and we'll have a substantial down payment for our next house. The credit card debt will be gone by the end of the year and then the car debt should be gone by April of 2012. It feels good to know that in a year we will be free of everything but what we owe to my mom.

Mom doesn't want more paid back then $1000 a month because she is using it to live on and likes having a steady income. But if she dies before it is paid off then the debt is forgiven and is not owed to the estate. Which will be nice not to worry about, but I'd rather have her around for the next seven and a half years it'll take to pay her back.

Procrastination Station

April 4th, 2011 at 03:58 pm

Well, I finally got off the procrastination train and finished paying bills for Friday's paycheck and then I balanced the checkbook.

Money out:

$1000.00 to medical loan from Mom
$--19.07 Electric for old house
$--35.90 Life Insurance DH
$--32.70 Life Insurance Me
$--95.59 Car Insurance
$--41.00 House insurance for old house
$-500.00 Amex
$-300.00 Groceries
$--90.00 Medical
$-375.86 Mortgage on old house
$--96.00 Six weeks allowance for 2 kids
$---2.00 Tooth Fairy money
$--78.68 Clothing and shoes for DS
$-100.00 Cash for me
$2766.80 Total Spent

$91,000.00 Medical debt payback to Mom
$-1,000.00 Amount paid
$90,000.00 Amount still owed to Mom

So we have officially paid back $20,000 and we have 90 payments left to make. 7 years and 7 months to go.

The majority of next week's check will go to the Master Card and some of the following one, too. So it should be completely paid off by the 15th as long as nothing unforeseen arises.

I still have $204 left in the checkbook and $49 in cash. I doubt I will use what is in the checkbook and will just add that to what I pay on the MC on Friday.

Big Medical Debt and Wills

March 29th, 2011 at 08:13 am

On my way back in from dropping off my daughter at high school this morning, Mom stopped me to tell me she was redoing her will. She's needed to do this for a while. Ever since she drained the IRA and put Dad in the nursing home. She still wants me to be executor (which, ugh, but I agreed to it, with my older sister as back up if I can't).

Anyway, she said that if she dies before I am done paying back the money I owe her for the medical debt, that the debt is free and clear. Before it was expected that I would either continue making payments to my sisters for their part of the inheritence (which I don't think could be legally enforced as I never signed anything, but I still would have done it) or give up my third of the house. But since I've been here taking care of her since the fall she's decided to just make the loan void on her death.

Quite frankly I don't think she'll be dead before we finish paying her off. She's in pretty good health. But it's nice to know that if she were to go unexpectedly, that that financial burden would be lifted.

Now DH and I just need to get around to making our own will. We've been putting it off for too many years. Even if we just do one of those form letter ones and take it down to the CU to have it notarized, that's better than what we have now, which is pretty much nothing.

Payday--Money Out

February 25th, 2011 at 05:31 pm

Today is payday and Iím really happy with how things shaped up.

$1000 to BoA VISA. This is the second payment this month and this one goes completely to principle since the one I made last week was to cover all of DHís work travel expenses and the monthly interest charge.

$1000 to Momís 0% interest loan, dropping the amount we now owe her to $91,000.00. We have 7 years and 8 monthsí worth of payments to go. We have paid off $19,000.00 so far. This was originally all medical debt.

$300 to Mom to help her with utilities.

$34 to the EF and $1 to the holding tank since the electric bill for the old house was $1 less than Iíd budgeted for. That brings the holding tank to $204.30 and the EF to $7468.65, with $1000 of that in the safety net at the local CU and the rest in ING.

$20 for the electric bill at the old house

$212.66 for term life insurance for me and DH, house insurance on old house, and car insurance

$39.37 security system on old house

$131 to storage

$200 to AMEX

$375.86 to mortgage on old house

$407.75 on propane

I have a couple hundred left for groceries and miscellaneous items for the week. I doubt I will spend it all. Any extra will go to the laptop fund. I did spend $60.11 on Chinese food from the no MSG place. I got enough to have several meals out of it so I donít have to cook while I am still so sick. I really wish this cold would leave. I am just too out of it to cook like normal. I hate spending that much money but itís good food with lots of veg so I donít feel too bad about it.

Out of next weekís payday I will pay an additional $500 to AMEX, $500 to the holding tank for medical, $124 to renew AAA, $1000 to the EF and $1000 to the holding tank for the two week period of no paycheck. There should be about $600 left and $300 of that will go to the property tax portion of the holding tank, $100 to the laptop fund, $100 for groceries and $100 for miscellaneous. If there is anything beyond that it will go to the laptop fund. The payday after that, which is only two and a half dayís pay will also be for stretching across the two week period of no paycheck.

I took back the 3 cans of chicken and rice soup I bought on Tuesday by accident and got 3 cans of chicken and stars soup in exchange. The price had dropped 10 cents a can on the new sale week, so I got 30 cents back in change. Also at the Chinese place the lady didnít want to use so many pennies by giving me back the 14 cents she owed me so she gave me 15 cents instead, so thatís a total of 45 cents to the coin jar today. I also grabbed some penny wrappers while I was at the CU paying the mortgage, so I can roll coins today and add that to next weekís laptop fund deposit.

All in all a satisfying payday and I canít wait until next week when everything posts and I can update my numbers again and see some real progress this time.

Oh, and DH has heard from three different people, one his direct supervisor that heíll be getting a raise in April at the six month mark. It will add $525 to his gross income for a six week pay cycle if the amount he was told is correct, so Iím thinking we will at least get $400 of it and that can go to debt repayment probably. If Iíve done the numbers right, with that extra amount we should hit the end of the year no problem with having BoA paid off completely. Iím not counting it yet, though, in my budget. Itís one of those things where Iíll believe it when I see it.

The BoA VISA should now have a little over $3000 between what we owe and what the limit is on it, so with that cushion there I am going to now switch to paying only $1500 on the BoA VISA each month (expenses, plus interest, plus about $100 to principle) and take the extra $1000 and add it to the $400 payment we make on the BoA Master Card. That will pay it off by the end of May and then weíll be able to pay $2900 to the VISA each month until it is paid off. I may try to scrape up an extra $100 each time to make it $3000. Weíll see whatís available.

Once that is done the money will then go to finish paying off the car, unless DH talks me into trading in the Matrix for a Sienna sooner than we planned.
If we stick to the plan, we should be out of debt, except what we owe to Mom, by the middle of 2012, possibly sooner if he gets the raise.

Mom doesnít want us paying her back any faster than $1000 a month because she is using that to supplement her income from social security (and saving as much of it as she can for the future). She likes having it come in steadily and our system seems to be working for everyone.

Edited to add: I was cleaning out an old purse and found $1.95 in coins. I then rolled coins and I have $7.50 to add to the laptop fund.

$467.94 beginning laptop fund balance
$=07.50 amount added
$475.44 ending laptop fund balance

It Feels Like I Made Lots of Progress Today

January 21st, 2011 at 02:29 pm

I paid Mom $1000 on the medical loan I took from her today. I paid off the AMEX today ($1000 out of the paycheck and $500 out of the EF, leaving EF at $7,600) and the last bit of interest on the loan I paid off earlier this month hit our account so that was $218.18, which I also went ahead and paid so we should now be able to close that account down and have it marked as closed and current on our credit report. Yay.

That leaves us with $21,021.22 on the VISA and $4540.42 on the MC and that's it for our unsecured interesting bearing debt. That's a total of $25,561.64 left to pay. If we can manage $2500 a month in payments (which should be no problem) we can have it paid off by the end of the year. I think the MC will be paid off by the end of April. Wow, that light at the end of the tunnel just keeps getting brighter and brighter.

So this leaves us at:

$92,000.00 (no interest loan to Mom)
$25,561.64 (VISA 11.4% and MC 12%)
$22,053.10 (Mortgage 5.5%)
$139,614.74 Total

I looked up how much was left on the car after Wednesday's payment went through and it is $16,640.84. At the current rate of payments it'll be paid off 7/21/14, but once we get the credit cards paid off we will be doubling the car payments so I'm thinking more towards the end of 2012, probably.

I didn't make it to the pharmacy before it closed yesterday, so went today and paid $19.59 for 2 RX and then we went to WalMart to get non-prescription meds at $56.68. 4 boxes of nasal spray, 2 big bottles of antacids, and 2 mega packs of Dayquil/Nyquil gelcaps. Hopefully that will get us through the rest of the winter. I'll have to pick up more Sudafed at some point, but that can't be bought in bulk without a doctor's note so that comes a bit at a time.

Massive Updatiness

January 9th, 2011 at 04:33 am

We have set a goal to have all of our unsecured interest bearing debt paid off by the end of the year. As such, I am determined to start blogging again for real to help us in accomplishing this. The last year has been really unfocused and I need to find that focus again. I know we can do it, but it's going to take dedication and the determination not to be lazy about things.

So where we stand at the moment as far as total debt is concerned (minus the car):

$ 93,000.00 medical debt
22,326.63 mortgage
38,323.87 personal loan
+ 29,133.45 credit card debt
$182,783.95 total

So we have paid off quite a bit this year. And considering when I started this blog we owed around $250,000 I think we are doing pretty well.

The credit card debt is spread over 4 cards. We will be paying one of them off this month and we will also be paying off the entirety of the personal loan this month, which will bring that debt total down to around $123,000. We should be able to pay off a second card by the end of March.

The $93,000 is a non-interest bearing loan from my mother. We are paying her back at a rate of $1000 a month. At that rate it will be 7 years and 9 months to be paid off. She doesn't want us paying it back any faster than that, because she wants a steady influx of cash to live on each month. I'd prefer to add more to it, but I suppose once all other debt is paid I can always just put any extra in a savings account dedicated to paying her back.

My husband is working for a new company and it came with a substantial raise in income of about $2000 more net each month. He started there in November. He's guaranteed work (on contract) for the next three years so we are going to make hay while the sun shines.

We need to finish fixing up the house by mid-Spring so we can put it on the market. At this point I don't care if we get the true value of it, I just want to be rid of it. I'm tired of maintaining two households. As long as it pays off the mortgage and gives us $50,000 in the bank towards our next downpayment on a house, I will be happy. I think if we price it right and as a fixer upper we could probably unload it faster than the other people selling houses in our area. They have so overpriced their houses for the location and the depression.

We've got somewhere around $20,000 left to pay on the car. It's about three and a half years left. I'm not sure of the exact amount because it is on autopay and so I kind of don't pay attention to it or count it in the overall total. I should, but I don't. I know we are three months ahead on it, though. It will be the next focus after the unsecured debt is paid off. I think we can finish paying it off by the end of 2012.

I'm not sure when we'll start looking for a new house but it's not going to be this year. It's not something I'm prepared to even try to do until the unsecured debt is gone.

We've got $8000 in the emergency fund and I will add to it a little bit at a time, but not aggressively, this year. Just mostly saving change, throwing in whatever I cut from the grocery budget, and adding $100 or so a month consistently. Eventually I'd like to have $50,000 in there as a long term goal.

Okay, I think that about sums up where everything stands. Now if I can get myself back into the habit of doing this again on a regular basis I'll be a happy camper.

Not Been Blogging Much

October 6th, 2010 at 11:07 am

Well, it seems like I rather suck at blogging anymore. I just tend to pop up from time to time now with an update and that's about it. So much has changed in the past year it's ridiculous. Things are slowly coming down debtwise. I am seeing real progress being made in some areas. There's still a lot of debt left though. And we had to pay for more surgery which added to our debt.

$ 94,400.00 left on medical debt
$ 23,139.75 left on the mortgage
$ 42,100.00 left on personal loan
$ 30,000.00 left on unsecured debt over 3 cards

Considering we started out at around $250,000 when I started this blog we've done well. We do also have around $23,000 left on our car loan.

All of our debt should be paid off in 6.5 years if we continue at this rate. If we sell our house, which may or may not happen any time soon, we could take a large chunk out of it. With the market the way it is I am not counting on it.

We are still living with my mother. She's taken a couple more falls so I really do not regret my decision to move into town and take care of her. She's still mostly self-sufficient, still has her mind, but she really needs someone to just be here for the bad times. I'm not sure we'll buy another house after the one we own right now sells until she's ready to go into assisted living or a nursing home and that's probably several years away. This house is huge and it just makes no sense to move away from her right now.

It's a good school district here. After two years of homeschooling I've got the kids enrolled in the public school system again. They are both thriving and getting good marks. My daughter is a freshman and well on her way to honor roll. Probably five A's and a B. They do weekly updates online and also every three weeks, so I can check it obsessively and make sure they aren't screwing her up.

Things are a little up in the air at DH's work. Contracts are up in December and they aren't being very forthcoming on whether his company is even going to get the subcontract from the main company this next year or not. We've had job security for 14.5 years and not having it anymore is a little unnerving. DH isn't as worried about it as I am. He's got feelers into several companies just in case and says he's gotten positive responses so hopefully if his company doesn't get the contract he'll simply be able to switch to the one that has it. It'll mean no medical insurance for a few months, but it'd be work and that's important with a debtload like ours.

I'd feel better if I could work. I'm pretty much disabled these days because of my knee and the pain I'm in all the time. I am working to strengthen it with swimming, but it's a slow road. The rest of me is getting fitter, but it's still very difficult to walk. Standing still is even harder. I can cook sitting down, but I don't think they'd let me do that in a restaurant.

I am doing what I can to cut back again. We were getting really lazy there for a while with eating out because it was hard for me to cook when I was in so much pain, but I've been teaching my daughter and between the two of us we are managing a lot more home-cooked meals.

Last night I made my special spaghetti sauce from 3 fresh roma tomatoes, 1 chopped onion, 2 tbsp minced garlic, 2 14.5 ounce cans tomato sauce, 2 6 ounce cans tomato paste, basil, oregano, thyme, salt and pepper to taste. Tomatoes and herbs came from the garden. The kids and I made parmesan breadsticks from scratch (dough made in the bread machine), and homemade spaghetti noodles in the pasta maker (had it for years, but have rarely used it). It was really good, better than a meal at The Olive Garden and cost about $8 altogether, as we all drank a glass of milk as well. It would have been about $50 for 3 of us if we'd gone out for that same meal.

Today I'll be making a beef potroast in the crockpot and microwave baked potatoes and green beans and tomorrow I'll be doing up a big pot of Texas style chili. There will be enough of that to freeze for several meals. I've got all the ingredients on hand and am focusing on cooking from the freezer and the pantry this month as much as possible. Chris comes home on Thursday and hopefully he'll be on board with this whole not eating out thing. He claims he likes my cooking best anyway, but we shall see.

Somewhat of a Milestone

April 28th, 2010 at 05:39 pm

Well, today I paid Mom $1000, bringing the amount owed to her to an even $100,000. That means so far we've paid her back $58,000 in six years or so. So much progress has been made on this debt. I know that $100,000 still sounds overwhelming, but it brings us down to having exactly 100 payments left. In eight years and four months that debt will be gone. Sooner if we find a way to add another $100 per month to it.

It's been a really long road, but I'd rather be in debt to her at 0% than the hospital and its 18% interest. I really do want to find a way to dig up another $100 a month though. If I could add just that much more to each payment it would knock down the time left to seven years and seven months. I know that Chris will probably get raises between now and then, he gets them every 18 months to 2 years, so we'll definitely be adding more money to debt then. At least his job is secure and thriving.

I also sent off $500 to credit card debt today and wrote out the check for property taxes which I'll drop by the courthouse tommorrow when I'm down town.

I cleaned out my purse today and found $7.22 in ones and coins so added that to my coin jar.

$87.94 starting amount
+ 7.22 amount added
$95.16 ending amount

Tomorrow when I go to the courthouse I am going to deposit at least the ones I've been saving, which is $49, and pick up some coin wrappers and ask them if they have a counter that I can just bring a jar of coins in and put through or if they need to be rolled. Normally I'd just roll them, but there is just so much change that if I don't have to, I'd just as soon not.

Has it Really Been That Long?

January 31st, 2010 at 04:15 am

I can't believe it's been over a year since I've made an entry here. I used to be so good at this. Well, it's not because I've been piling on more debt. Quite the contrary. When I first started this blog we were $250,000 in debt due to medical bills (which was $150,000 of the total), mortgage, and credit card debt from all the money spent on meals out when I was far too ill to cook (which believe me, really adds up over the course of three years in and out of the hospital).

Where we stand today?

$103,000.00 left of the medical debt
$ 25,254.32 left on the mortgage
$ 70,000.59 credit card debt
$198,254.91 total debt

$51,745.09 is how much we have paid off since April of 2006. The $103,000 is a no interest loan from my mother. The mortgage is at 5.5% and the credit card debt varies from 12% to 18%.

Because that debt mountain is still so very high and because things have changed dramatically in the last year, we have decided to sell our house. My father went into a nursing home earlier this year and my mother, who is 70, simply can't get on like she used to. My oldest sister had been living with her for a couple of years but had finally gotten back on her feet again and moved out earlier this year. This left my mom alone in a seven bedroom house, and since she had fallen twice this year, I did not like that.

So we all sat down and talked about it and we decided we'd move in with my mother and take over making sure everything got taken care of. So, we'll be paying all the day to day living expenses for everyone (electric, gas, water/sewer, garbage, groceries, phone, etc.), but no rent. We'll be saving on gas because we won't be driving 50 miles every time we need to do something in town. And I'll have peace of mind.

When we sell the house, we're going to wipe out our debt with it. It may be a while though, because we have to repair a lot things and repaint and replace the carpets. And the market isn't great, but we're not looking to make some big profit off it. Right now I'd be happy to walk away with enough to pay off the mortgage and all the credit card debt, even though it's worth more than that. I just want a clean slate, and the only person I owe anything to to be Mom.

So that's where I sit at the moment. I'd really like to get back into the habit of blogging again, because that saving mindset comes into my thought process much more rapidly when writing about it is a priority to me. Besides that my goal for the month of February is going to be to start building up my Emergency Fund/Safety Net once again. It's been sorely neglected.

It's Been Six Months

September 25th, 2008 at 12:39 pm

It's hard to believe but it's been six months since my last entry. We're doing well here financially now and it's harder to blog when you have enough money it seems, than when you don't.

In the past year my husband's income has almost doubled. It made things get easy, but it also brought along with it some very bad habits that I want to stop. Because despite the extra income, we've only upped our debt repayment by a couple hundred dollars a month. And it's time to really buckle down and get going again. At least that's what I keep telling myself.

Thing is I don't really want to. I like having the extra money around. It's nice not to have to scrimp and save every little extra bit of cash that comes into my hands or funnel it all into debt repayment. But I know I need to, because I'm still tired of having all that debt hanging over our heads.

Our emergency fund is far lower than I want it to be at $1000. That's certainly not anywhere close to even a month's salary anymore. So I'm working on building that back up. And I'm starting to save up $1000 more for our vacation in February. I have $500 currently saved for it.

We're going to Disneyland. Our airfare is free from DH's miles. We're staying in my parent's travel condo for free, except for the $50 one time fee for end of stay cleaning. We're just needing to pay for the entry tickets, car rental for 2 days, and food while we're there. It has a full kitchen and there is a Costco close by so we will make and eat all of our breakfasts and one other meal a day and only have one meal out at the park each day.

The kids are saving up their allowances, birthday, and Christmas monies and will buy their own souvenirs.

As for the rest of our finances, we've raised our 401K 1% for the last two pay raises so it is now at 5%. On the next pay raise it'll be up to 6%, the full amount the company matches 50% of contributions on.

The mortgage on the house just went under $30,000 at $29,956.07. Our medical debt repayment is down to $142,623.81. Our unsecured debt is down to around $45,000. The website for that one is down at the moment so I don't have the exact numbers. So we've still managed to make significant progress. But there's so much more we could have made and I'd like to really get out from under this debt.

We can pay at least another $300 a month towards debt repayment that we are currently wasting on eating out. So that's my goal for now, to try to stop wasteful spending and put it onto debt.

We'll be cooking at home a lot more, but that's a good thing. Healthier, too. And it won't be so hard now, either. I just took my son out of public school and will be homeschooling him for the rest of third grade. He was being bullied pretty severely this year and it had totally turned his personality bitter and sad and he was behaving horribly. Two days at home and he's back to being the sweet kid he used to be back when school went well and he was popular.

I gave the school several weeks to sort this out but I just couldn't give them any more time. It was sucking the life out of my child and I couldn't bear it. The difference is like night and day. I wish I still had the curriculum from when I homeschooled my daughter for third grade, but I don't, so I'm starting all over again. I'll be spending about $300 to get started, but fortunately I have that money at the moment.

His math is above grade level but his reading is significantly behind. They don't really teach phonics at his school and it shows. So I'll be starting almost at the beginning with phonics for him but I saw what a difference it made when I did that for my daughter, so that'll be okay.

He's been bored out of his mind at school, too, insisting that they are teaching either "baby" stuff or stuff that his dad and I have already taught him about ages ago in science and history. I think we'll all be happier.

And my son loves to cook with me, so being able to save money by not eating out and cooking at home will be easier, because I'll have a helper in the kitchen and not a strung out child who wants nothing to do with me or anyone else, standing by my side.

My daughter, on the other hand, is thriving at the junior high. She's doing really well. It's funny because she's the one I was so worried about at the start of the school year. Life can be so unexpected sometimes.

Medical Debt Update

August 1st, 2007 at 12:16 am

My last payment to the medical debt has posted. The remining balance is now at $145,903.32. YTD interest paid on this debt is $5,628.83. Ouch!

Paying the Bills

June 28th, 2007 at 04:23 pm

I am finally getting around to posting the bills I paid from last week's paycheck.

$910.37 Medical Mortgage
$400.00 House Mortgage
$282.22 Propane
$201.89 Comcast (installation charges on top of cable/phone/internet)
$ 44.58 Garbage (2 months)
$ 71.36 Cell phone
$ 84.00 Herald
$445.00 MBNA MC#1
$110.00 Power
$ 50.00 Physical Therapy
$185.50 Car insurance (3 months)

A fair chunk of change going out, there. Tomorrow is payday again, but not like this one. This is the big one for the month and has a full seven days of wages on it. Tomorrow's pay usually only has one and a half days on it. This time it will be two and a half days on it with the new schedule change, and it will be like that from now on. The first payday will have 4.5 days on it instead of 5.5 days, so the difference is at both ends of the cycle. Then we have one week where he doesn't get paid at all, out of every four.

I'm glad the vacation money is taken care of now. And the association dues, which I thought were due at the end of June are actually due at the end of July, so that makes me happy.

More Medical Debt Info in Response to Last Post

June 12th, 2007 at 04:05 pm

I decided to make a proper entry in answer to some comments left on my last post about my medical debt, because it just got too long to be a comment.

No, the hospital will not negotiate any further. As it is, my parents put their house up for collateral against this debt because mine wasn't worth that amount of money. If I fail to pay on the debt my parents would have to so it is something I have to be very conscientious about.

I have never been one to walk away from my debt, no matter how tempting or how much easier it would have made my life to do so. And it will get paid, either over the course of the next twenty odd years or when my parents die and I inherit the house and sell it. Even if the house is sold for medical care the mortgage would be paid off first as the oldest debt and then I'd just pay back the surviving parent free of interest. It is more likely they will die before I can pay it off since Dad is 72 or 73 (can't ever remember if he's 5.5 years older than Mom or 4.5) and Mom is nearly 68. But that's obviously not the option I prefer! I want my folks around as long as possible.

My parents wanted to cash out their IRA and pay it and just have me pay them $1000 a month interest free until the remainder of the debt was paid down, since they have enough in CD's to live off the interest plus the thousand, but since their IRA was made from a never taxed pension the penalty would have been enormous. So that didn't happen.

Mom says that when Dad dies she can then cash out the IRA without penalty and pay it off and then me pay her the rest of what is owed interest free. Another route I don't really want to go.

Well, it'll get paid and I'm feeling better today about it. Yesterday was just really hard.

Medical Debt Update--Having a Hard Time

June 11th, 2007 at 10:15 pm

I received the statement for my medical debt balance today. I am now at $146,322.80 left to pay off from a beginning balance of $155,000. Out of the last payment $702.13 went to interest and $208.24 went to principal. Well, at least principal has finally hit the $200 point. It seemed like that day would never come. I am grateful this debt is at 5.75% and that at least progress is being made now, no matter how little. Of course, when I see that YTD interest has been $4227.57 it makes me feel awful.

I know this debt was a necessary debt. I know that I am lucky to be alive today. I am grateful that the insurance did cover some of the three and a half year ordeal and that the hospital cut the remaining $310,000 in half. But some days when I see that balance and how much is wasted on interest it makes me want to cry. It is hard. I get so angry at my body for betraying me the way it did, for not staying healthy and strong.

It is overwhelming. It makes me want to scream. Or punch my hand through the wall. Or some other destructive thing like go on a shopping spree with a credit card. I won't do that. But the fact that I want to is a major red flag.

I try very hard to maintain a positive outlook in my life. Some days it is obviously easier to do so. This isn't one of them.

Medical Debt Update

May 9th, 2007 at 11:20 am

After the most recent payment on the medical debt, my balance there is now down to $146,531.04. Sometimes I don't ever think I will make much of a dent in this, but it is going down. I am grateful it is at 5.75 percent and not 18 or some other awful higher number. Steps are being made. Now just over $200 a month is going onto principal and just a little over $700 is going to interest. When I started paying this down it was closer to $50 a month to principal.

It is a slow process but it is nice to see that finally a bit of progress is being made this year. It will happen. It is just taking time.

Mortgage Stuff

December 31st, 2006 at 05:51 pm

It has really been bothering me that I wasn't able to send in extra principle on the medical mortgage this month. The regular payment is $910 and change but I always, since the beginning have sent in $1000. So after the tough month of January is over, I am going to make mortgage payments of $1010 for the next year. Not just for the next 9 months which would be the $90, but for twelve, because I imagine not paying the $90 extra this month makes more damage than replacing it $10 at a time can make up for. I wish I could make up for it next month by adding an additional $100 but that's not an option.

I will have to make the straight payment on my house mortgage, too this month I think. But that is only a difference of almost $25. If I can, I will squeak it out, if I can't, I will add it onto the next payment.

Today's Financial Tasks are Done

December 29th, 2006 at 07:46 pm

Today has been a good day. I got all of my errands accomplished, though I think I must have hit the slowest drive-thru bank tellers in the history of the universe. And all I was doing was making a deposit! I didn't even need cash back. The easiest task for them to perform and despite being there first (it was a 3 lane drive thru) I was fifth out of six cars served because I chose the lane with the drawer and not the ones with the tubes. So I had to wait for the girl to press the button to open the door for me to get my deposit slip and check in it, despite having pressed the teller call button twice. Which she might have done earlier if she hadn't run off three times. The other teller seemed preoccupied with filling up the candy basket. Hello, last banking night before a big holiday weekend, get your act together. End rant.

But I got all the various monies transferred to my checking account and I mailed off the check for the Medical Mortgage. This is the first time ever that I have not paid extra towards the principle. I hate that, but this month couldn't be helped. When I pay the house mortgage next week it'll be the same thing. Ugh. But after that it'll go back to normal.

I was going to drop off my house insurance payment at the local office today, but the lazy bums closed at four instead of five today for the holiday weekend, so I had to mail it. I'm not happy about that, I prefer to do as many bills in person as possible but oh, well, what can you do?

I received a check from Your2Cents and deposited that into the vacation savings account, along with the ones and rolled coin. So the total deposit was $41.50, bringing the amount in that account to $61.50.

I can't remember if I wrote about his before or not. I have the opportunity to go to a convention for my support group for my disease in May and it is a tight knit group so it is going to be fun. Some of us will be arriving a day early to go to Disneyland for one day and I am hoping to be one of them.

I do not have to pay for airfare as DH has plenty of miles, so I just have to come up with the hotel fee and the park pass money. I can have a roommate to cut the costs and I may do so. DH's schedule works out so that he will be home to watch the kids. So if I can get the money saved it will all fall into place.

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