Probably not the best thing but.......

iVillage Member
Registered: 01-30-1999
Probably not the best thing but.......
14
Sun, 07-24-2011 - 1:13pm

Alittle debt payment fatigued here. And soooooo many tax/insurance bills due soon-it kills me to send it all in.

Well, I'm slowing down the debt payments to pay those plus going away for a short girls trip and short anniversary trip for DH and I.

Bad news.....slows down my progress

Good news.....no new debt.......Extra paycheck in August will pay for it all.

May not be the best decision but I really need it!!! Stress on the homefront is driving me over the edge.

Michelle

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iVillage Member
Registered: 08-24-2007
Sun, 07-24-2011 - 4:07pm
I totally empathise .... I used the extra paycheque in August to fund a weekend away this month. Like you say: not the best decision but I really needed it.

Enjoy your girls trip and anniversary trip. And then it's back to debt busting afterwards!

Kate


empty purse

iVillage Member
Registered: 12-31-2010
Mon, 07-25-2011 - 9:40am
Tally-
We are in the same boat here and you will see a drastic slow down in my ticker as we will be lucky to make minimums the next 3 months.
I just got my DD's tuition bill today: $9,937, DS's is expected any day as well and should be about the same. We have property taxes of over $4500 as well.
We will have bills in August that total: $30,000 PLUS!!
Thank gosh we have tuition savings to help with the kids, saved money for house taxes, DH gets his extra pay this month and I agreed to teach another class. Kids also have their neck in the game with about 1/4 of the tuition bills, then their own spending money as well.

Rice and beans this month!

-Marie
#Marie
iVillage Member
Registered: 03-27-2005
Mon, 07-25-2011 - 12:13pm

Michelle.

iVillage Member
Registered: 03-27-2005
Mon, 07-25-2011 - 12:20pm

Marie...Ds's tuition is due August 1st as well.

iVillage Member
Registered: 12-31-2010
Mon, 07-25-2011 - 12:31pm
We have two to drop off and DS has been oblivious of his impending move all summer as he has been up north working, but also worried about boats and jet skiis. He has nothing for his dorm but the couple items he got as gifts (sheets, blanket, highlighters) and the iHome alarm clock and wireless router I just got him for his birthday.
He has no microwave, no fridge, no notebooks, matress pad, comforter, etc. Actually he does not even know his dorm room or room number yet and does not seem concerned about it. Which means a mad rush the couple days before school.
We take DD back on Sunday, August 29 and DS goes on Monday August 30th (we will take a half day vacation.)
The tuition we owe is just for half the year or this term and covers tuition, room, board, $150 cash each on their school card (for laundry, special events, etc.)
DD just had a freshman scholarship, and does not have anything this year and DS has nothing as far as financial help, so both kids will have loans this year.

The issue is that I am waiting for Ohio to declare its interest on the tuition savings account, which they will do in the next couple weeks (as it is tied to tuition in that state) then I will take out DD's funds from there. IF I take it out before, I loose that interest which could be a couple hundred dollars. So I might have to pay her bill out of cash, then get reimbursed from her tuition account, to be able to make the due date of 8/11/11 for her payment.

Welcome to the days of being really poor!!

-Marie
#Marie
iVillage Member
Registered: 12-10-2009
Mon, 07-25-2011 - 5:59pm

Marie you are scaring me :)

Anyways I feel the debt fatigue. We have been really

Liz

student loan paid off 2010

Bathroom remodel loan paid off 2013

Pending Car loan to be paid by the end of 2014!!!!!

 

iVillage Member
Registered: 09-26-2007
Wed, 07-27-2011 - 11:50am

Okay, I usually lurk more than anything else but your post scares me a little. :) I'm thinking I may have to stay at my job until DS is done with college, since the university where I work covers dependent tuition 100%. I would still have to cover DS's room and board but since he would likely get a couple of grants based on my income I'm looking at maybe $5,000 a year to cover everything.

Man, I really don't want to stay at this job for 11 years though. :(

iVillage Member
Registered: 12-31-2010
Wed, 07-27-2011 - 3:23pm
reillysmom -
I don't want to stay at my job another 8 years, or continue teaching as a 2nd job either. BUT I take care of my kids, I did not have them for others to fund, so I WILL continue to work and fund their education.
They also have their necks in the game as they have to come up with loans or cash for 1/4 of their tuition and all of their spending money for books, computers, a latte (DD never got one because she was afraid to spend too much last year!) etc.
Maybe a backup plan might be to save? Costs for in-state tuition room and board here are about $21k per year. Then DD is talking law school at over $35k per year as well.
Yeah, I will be poor for a very long time ahead!
-Marie
#Marie
iVillage Member
Registered: 12-10-2009
Wed, 07-27-2011 - 4:28pm

I am planning my jobs kind of base what our family needs also. My next career move (in a year or two)

Liz

student loan paid off 2010

Bathroom remodel loan paid off 2013

Pending Car loan to be paid by the end of 2014!!!!!

 

iVillage Member
Registered: 09-26-2007
Wed, 07-27-2011 - 5:15pm

Well I don't think saving is likely at this point, at least not on a large scale. DS is 11, almost 12. I only make about 30,000 a year before taxes so saving for a 21,000 a year school is out of the question. His father is supposed to pay for half but realistically I can't see that happening. And it isn't that I don't want to work for the next 11 years, just that this particular job is a bit of a dead end. Hopefully something better comes along at the university. That would be the best of both worlds. :)

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