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CC10 Driving Me Nuts

December 21st, 2019 at 10:40 pm

CC10 Is getting on my last nerves. I’m trying to figure out how to pay it off by December 31st.
I can take $5,000 out of the EF but I’d still owe $1200 and the EF would drop to $600 🙄🤦🏽‍♀️.

I’d really wanted this card gone by the end of the year and then I got hit with a legal bill due to my brother who thinks my dad was a millionaire.

With the side gig, I could have it paid off in about 5 months, paying about a $1000 a month. Then tackling the student loans in June.

I’m just so confused.

Posted in Debt | 12 Comments »

12 Responses to “CC10 Driving Me Nuts ”

  1. Lucky Robin Says:
    December 21st, 2019 at 11:45 pm 1576971944
    1576971944

    What if your brother hits you with another lawsuit, Amber? You can't be sure he won't keep pulling this, unless he gets an order from the judge that he can no longer file suit against you due to frivilous lawsuits. I know it is hard not to just throw it at the debt, but you've made your case for the EF and you've needed it once already and were so glad to have it. I think maybe just some patience is in order. But it is up to you.

  2. AnotherReader Says:
    December 21st, 2019 at 11:46 pm 1576972010
    1576972010

    It's not confusing at all. You want to pay it off now, so you rationalize reducing the emergency fund to almost nothing to accomplish that. If you had an emergency, you would be forced to use the credit card again. Pretty risky in my book.

    As I understand things, there is still no final resolution of the court case with your brother. He might find another issue and file yet another case. In your shoes, I would hold on to the emergency fund and pay the card as planned. If you get some extra money from the side job, throw that at the credit card.

  3. crazyliblady Says:
    December 21st, 2019 at 11:58 pm 1576972690
    1576972690

    Honestly, I would keep paying it as you have been until you get it paid off. Your side gig money should help a lot with this. Do you ever order stuff online (amazon, etc.)? Sign up with mrrebates at http: //www. mrrebates. com? refid=144278. When you want to order from a merchant, log into mrrebates, find your merchant or search for a product. A lot of coupons are also available. Rebates seem to range from about 1% to 10%. When the funds available accumulate to at least $10.00, just cash in and get a check or paypal.

  4. Amber Says:
    December 22nd, 2019 at 12:35 am 1576974905
    1576974905

    @LR and Another Reader you’re both absolutely correct. I know him and he’ll be coming at me again. Plus there hasn’t been any updates on the dismissal of the case. I’m just over this debt, I want to cry.
    Things have gotten better, I’ve been able to save, reduce debt and cut expenses, I guess I’m just anxious. Paying off the last two CCs for 2019 was my goal, and I just feel defeated

  5. mumof2 Says:
    December 22nd, 2019 at 01:20 am 1576977609
    1576977609

    Yes just wait it out...and you could always ask for him to pay your fees if he loses or it gets dismissed...that might make him back down a bit...but just keep paying as you are paying...your not defeated somethig come up...but something always comes up so keep your EF and pay off the CC as you can..

  6. Smallsteps Says:
    December 22nd, 2019 at 01:23 am 1576977829
    1576977829

    Look at how far you have come there will be times when you feel it is going slow and sometimes when it feels like it is clicking right along.
    I go through those phases when I want to throw it all in one bucket(goal) and I can tell you the stress of building an EF back up is NOT worth it.

  7. creditcardfree Says:
    December 22nd, 2019 at 03:48 am 1576986483
    1576986483

    While I love to see people pay down debt, I agree with LR and AR. It's too risky to pay it off with your EF. We do not see you as defeated, you have made great progress and had an unforeseen expense that you handled beautifully without new debt because you had cash on hand, and then you proceeded to rebuild the EF!! You will thank yourself in six months that you stayed focused and patient.

    Your goal of year end made sense and was possible based on what you knew at the beginning of the year. With the added expense, the goal should have been revised. I think by not making the revised goal concrete with a new date, it has created frustration by looking at the original deadline you set for yourself.

    May a new plan and start working the plan!!

  8. Lucky Robin Says:
    December 22nd, 2019 at 08:11 am 1577002274
    1577002274

    I know it is easy to feel defeated when you don't reach the goals you have set for yourself, but think of your journey so far and just how much you have already done. You should feel triumphant over that. But I get where you are coming from. My road has been so long and I was really hoping I'd be done this year, too. But I won't. But I will be done next year and that light is at the end of the tunnel and for once it doesn't feel like a train anymore. There have been times when I have despaired on ever even getting to this point over the last 13 years of serious debt payoff. There were times when I had a big EF and wanted to use it for debt payoff but didn't. And thank goodness I had that when DH was unemployed for so long. I know it's hard not to touch that money for debt. You are not alone in how you feel. I kind of feel like we are debt payoff buddies in that we have both paid off overwhelming amounts of debt and your CC10 and my Monster Mom Loan will be done being paid off at about the same time. So hang in there. You will get it done. We both will. And we'll all be here with cyber champagne to celebrate when you do. And then I will cheer you on as you tackle the student loans until they are gone, too. And then the mortgage. I know you can do it. I have faith in you.

  9. Lots of Ideas Says:
    December 22nd, 2019 at 06:31 pm 1577039500
    1577039500

    Amber, if this helps I looked at the sidebar on your post yesterday and I was thinking how you have changed your life for the better.
    Look at all the debt you have paid...plus buying your house...plus getting yourself out of an unhealthy relationship...plus finding a ‘side gig’ that pays you well for your talents (remember when you were thinking of working retail for minimum wage?)...plus dealing maturely with the lawsuit without resorting to retail therapy...

    If you use up your efund, that will bug you...like it did before. You will worry all the time about the ‘what ifs’ Make your plan for 2020. Work that plan.

    And remember that the way to make God laugh is to tell him about YOUR plans.

    You are doing great - don’t sabotage yourself!

  10. rob62521 Says:
    December 22nd, 2019 at 07:32 pm 1577043138
    1577043138

    Although you want this credit card gone, I wouldn't short the EF. Something might come up and you'd have to get deeper in debt. You'll get the cc paid. It may just take a longer time than you wish, but you've made great progress.

  11. terri77 Says:
    December 27th, 2019 at 03:47 am 1577418439
    1577418439

    I agree with holding onto the cash for your EF, though my instinct would also be to pay down that debt. You are doing amazing! You have so much to be proud of.

  12. My English Castle Says:
    December 29th, 2019 at 07:34 pm 1577648081
    1577648081

    I think we're unanimous! Cheering for you, Amber!

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