frustration with debt

[-$44,016] Standing Still and Feeling Dragged Along

Posted on by Double Debt Single Woman

Image credit: ‘Feeling Blue’ by lukechueh (DeviantArt)

FEELING BLUE

I’ve been feeling blue and unmotivated to write lately. I think a big part of it is because I’m at a standstill with making any progress on debt repayment. I sent $70 toward my student loan a few days ago while the other $900+ went to pay off that blasted medical bill. In the meantime interest continues to accrue…

I also have a recently announced family event that I must attend. I do want to go and be supportive, but my bank account was not prepared for this. Not going is not an option as the guilt tripping from family would be enormous. The travel will cost $500. I’ve got that chillin’ on my credit card at the moment.

There will also be another mandatory family event later this year. That will probably be another $500 at the very least.

I’ve also been overspending my allowance budget and have been pulling from my Opportunity Fund. I’ll need to lower my next couple of student loan payments to get everything settled. With everything going on, I just see my debt payoff date getting pushed back further and further…   Read More

The Last 5 is the Hardest to Lose: Hitting a Debt Payoff Plateau

Posted on by Double Debt Single Woman

debt plateau

I’m getting more and more frustrated about getting out of credit card debt. I feel like I’ve been holding at 6k remaining in CC debt forever. If you’ve ever sought to lose weight, you know the saying that the last 5 lbs is the hardest to lose. I feel that the last 6k is becoming the hardest to kill.

I’ve spent more money than intended on shoes lately. I started with buying two pairs because the ones I wore before were about 5+ years old, uncomfortable and worn out – literally with holes opening up in them. One of the new pairs (casual) is still ok, but the other pair (for work) turned out not to be very comfortable for long distances. I bought another pair only to suffer the same fate. I bought a third pair and had the same thing happen. They felt great at first but couldn’t hold up after a lot of walking during a typical workday. I’ve burned money in pursuit of comfortable work shoes, yet I’m still hobbling home in pain after work because my feet hurt.

I had some overdue dental work done last week and got slammed with a $1085 bill. That’s not a typo. I’m hoping that my dental insurance will cover some of it at least. It was dental work that had to be done otherwise the consequences would have been bad and even more costly. Plus, my dentist is one of the best in the business, so I know the work will last. Actually, I don’t have any regrets about it. What’s done is done. It’s just that these things are not helping me make any traction on this stupid debt. I work two long stressful weeks at a time, waiting for my paycheck, and when I finally, fiiiinnnaaalllyy get it, something takes it before I can put it toward this debt. I just feel like I’m never going to pay this card off. Arrggghh!!

Two years ago today (11/27/2012) I made my first post on this blog. I was $30,000+ in credit card debt and resolved. I’m thankful for having the opportunities that I’ve had to shave my expenses and earn enough to pay down my debt to $6,500+. However I know how much further ahead I could and should be at this point. Enough. It’s time to practice patience.

“Debtor’s prison is real, and opportunity cost is a bitch.” (DDSW)