[-$94,900] Debt Payoff vs. Retirement Savings (Part 2)

home farm singapore retirement community

An architect’s visualization of Home Farm Image: SPARK Architects

My Hazy Retirement Goals

In my last post -Part 1– I wrote about my back and forth struggle between allocating money toward debt payoff vs retirement savings. Hmm. What are my retirement goals? I’ll have to dedicate a separate post to this another time, because I haven’t thought it through yet. I only have hazy visions.

I’d like to marry rich and retire instantly. Ha. Wouldn’t we all, right? Short of a miracle like that, I’d like to plan to keep working for another 10 years in my industry at maximum salary and maximum savings. Around the age of 50 (or whenever I get laid off and can’t find more work or get burned out beyond repair), I’d like to go into ‘working retirement’ (financial freedom) for another 10 years until Read More

[-$97,079] Debt Payoff vs. Retirement Savings (Part 1)

debt or retirement path

A Shift in Strategy

Once I killed my credit card debt and could focus on my student loan debt, my intention was to throw every spare dollar I had at it, to the exclusion of everything else. I planned to keep my retirement savings down to 5% to get my employer match. Lately, I’ve been reconsidering that position.  Read More

[-$96,924] On the Bench

Print

My monthly payment just posted, leaving me with a current debt balance of $96,924. Things seem to be moving slowly with my repayment, but I’m hoping to pick up the pace in the next couple of months.

overwhelmed - don't know how to start

I haven’t been to the gym in over a week, due to forces outside of my control. I was really upset about not being able to go for so long, but now I’m Read More

[-$98,865] My $100 Stupid Tax and Other Pains

stupidtax

I know. Long time, no post. I’ve been busy at work this week. I haven’t gone to the gym in the past two days because of work, but I will be there in the morning…with bells on.  Kettlebells, of course. Ok. Sorry. Heh.

exercise_3057052b

Gym Update
I’m still sticking with it. The self-conscious struggles with being the slowest and weakest person in the room who often needs modifications are still there, but I’m keeping at it.  Last week, the doubts got to me so badly that I half-assed one of my workouts. Afterward, Read More

[-$99,029] My Gym Crawl Update 1

gym crawl 2

[My debt balance has increased since my last post because of unpaid accrued interest.]

Recently, I wrote about my desire to get into shape and drop fat while I drop debt. The first step was a “gym crawl” where I try out a few gyms over the course of a week with the goal of finding a place that I liked and that fit me. A couple of years ago, I tried joining a gym, but didn’t feel very welcomed, so I wanted to avoid that fate again.

So, what happened?

Well… I Read More

[-$98,992] Goodbye Six Figures of Debt!

love 90s 7

Woohoo! As of today, I am officially no longer in six figures of debt!

Current stats from my lender:
Balance: $98,992.21
Term Remaining on Debtor’s Prison Sentence: 4 years and 5 months 
Read More

[-$100,885] A Ping from the Past – Hope Springs Eternal

woman and sky

A while back, I got an email from my 36-year old self.

(Years ago, I sent a message to my future self using a time-capsule email service.)

It read:  Read More

[-$101,100] Losing the Fat: A Gym Crawl and Other Aspirations

weight gain over 40

I made another payment toward my debt. I’m now down to $101,100. Woot! I’m within striking distance of breaking through that 6-figure marker! This time next month, mid July, should be when it finally happens. I…CAN’T…WAIT!  Finally I will feel like I’m making some progress. In the meantime, I toil away.

Unfortunately, my interest rate isn’t the only thing increasing. I’ve been gaining weight Read More

[-$103,000] A Quick Update – My Shortest Post Ever

sallie mae oodles

Is this why my food budget is out of control? For all this time, I’ve been buying and eating actual food. How did I not know about these rations?!  Sigh. Yet again, I didn’t do the research to learn about these options ahead of time. Mmmm. And it looks like there are other special flavors too – Resentment, Bitterness, and Despair!

Hmmm. So if you Read More

[-$103,834] Debt Regret: Dealing with the ‘What Ifs’

Debt Regret

(Debt) Regret

Regret: to feel sad, repentant, or disappointed over (something that has happened or been done, especially a loss or missed opportunity).

On this blog I write often (ok, all the time!)  about how much I regret my financial (mis)management and its resulting debt. Boy o boy do I regret it. And the feeling is constant. I can hear your eyes rolling. “Is she going on about this, again?!”  Yes. Yes, I am, but hear me out.

As I wrote about here, although I never Read More