I live, write, and garden in the PNW with my husband of 27 years, disabled daughter, college-aged son, and my 84-year-old mother. We have paid off $250,000.00 worth of debt (if you include the interest) in the last fifteen years and as of 6/12/2020 are 100% DEBT FREE!!!!I am trying to keep a positive attitude right now, but I do feel like I am being overwhelmed somewhat. With them taking so much more out of DH's paycheck for medical now, I kind of feel like we are back to living paycheck to paycheck. I know we aren't really, but the only things I feel like I am able to plan ahead for anymore are property taxes, upcoming propane costs, and dues. Besides those and the EF, I haven't been able to fund any of my funds.
I like having an Appliance Fund, a Christmas Fund, a Computer Fund, and such that I send money to each month. Now I can't do that. And I can't do a college fund, either. My daughter has decided she is going to work for 2 years after high school and save everything for college. At this point, we can't contribute. I'm not even sure college is right for her anyway. She's not really cut out for it.
Every year for the past 3, things seem to have gotten tighter and tighter, despite paying more and more things off. Taxes went up and took $500 of take home pay away from us, just as we paid off the credit cards. When we paid off the mortgage this year, it finally felt like we were going to have breathing room, but we don't. The increased medical, the increased plane fare, and the increased storage fees basically replaced the mortgage.
I know this won't last forever. We have less than 3 years left on the van loan. It's gotten down enough that we are only paying about $70 in interest each month and the majority of the payment is going to principal. I love our van and I still think it was a good decision to buy it, but I don't think we will ever buy a new vehicle again. And we'll not finance one again, either.
We have 4 years and 9 months left on what we owe to Mom. That's the big thing. If we didn't have to pay that $1000 each month things would not be tight. Or they'd be tight by choice because we'd be saving part of it and funneling the rest to retirement.
If our house sells it will make some differences. We won't have to be paying electricity, phone, water/sewer, security, HoA dues, property tax, and house insurance. We can save that money until we are ready to buy a house. Which at this rate won't be until we pay off the van.
DH hasn't gotten a raise in over 3 years. Which, no one has, but this year is a new contract and they are supposed to be doing raises. The new contract was signed a while back. The new medical is being deducted, but so far no one has received raises and it has been months. I am starting to think the company is going back on its word. Each year, with more money being taken out or going to taxes or going to increased plane fare, it is like taking a pay cut.
I know we have enough. DH's income is excellent. We are in a lot better shape than so many people. But I want to get ahead, not just tread water. It feels like we sacrifice and sacrifice to pay off all this stupid medical debt and our house and still have nothing to show for it. Which is stupid, because we do. We've taken trips and we've got decent things. We have a paid for home. But it still doesn't feel like it. I just want to be free of it all. Free of all debt. Every single scrap of it. And with enough money in the bank that I don't ever have to worry about it again. I don't know. Maybe that's a fantasy. But it's how I feel.
Well, thanks for listening now. I feel better getting it all out and I think I can stop feeling sorry for myself for a while now.
Feeling Overwhelmed
August 19th, 2014 at 10:16 pm
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Your blog is one I have read from the beginning. (Not as you wrote it, I mean I went back to your old entries and read them all). You have come a long, long way.
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But as CB said, treading is better than drowning!
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