three steps forward ....one back
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  1. #1
    Registered User Momto5RN's Avatar
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    Default three steps forward ....one back

    well we came up with a resolution to the tax issue which i am sure is the the best way to go in Daves eyes and as much as i try to follow the rules and respect what he has to say - he doesnt have the chronic medical issues i have that are actually what took us from being free from debt except a mortgage back in 1999 to the debt we are paying off now .

    we had an offer for a personal loan thru discover 8.99%

    our credit despite the debt is very good because we pay on time have paid off vehicles early and most times pay more than minimum.

    we took enough to pay the taxes and consolidate two of the higher interest 19.99% credit cards .

    took it at 5 years to keep the payment in a place we felt comfy with but there is no early pay off fees and we will continue to plow at it the same way we were before.

    i feel bad taking a step back but if my health goes to where it was the 7 years ago i am back where i cant make any income and in the long run thats alot worse then 5,000 backstep.

    i have to sit back and look at the fact that despite the fact i have been gazelle like enough to pay off 15000 in debt the past year i have also been sick alot more the past year than i have been the past 2 years and reality has hit me that its not a race to the end -

    i can take smaller gazelle leaps if need be .

    The extra 5000 easily will be gone by end of year without a 2 month deadline to do it and the lower interest rate for the rest of the debt will help i am sure too.

    we are readjusting our #s dh claims and i think i actually plan on cutting back some work hours to decrease the stress on my body .

    anyway not the best circumstances - but wanted to be honest about it
    *~Debbi~*
    Happily Married Mom to 5 ; PT Home Care RN
    Living with FMS


    “Fear less, hope more; Eat less, chew more; Whine less, breathe more;
    Talk less, say more; Love more, and all good things will be yours”
    Swedish Proverb


    *~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*

    Getting Gazelle like 7/1/10
    Paid off 6 CC's totalling $6807 in 2010
    Paid off car 9000
    2011
    Quit 2nd Job for health reasons so going slower .
    2012
    purchased used car in cash 5000
    *~*~*~*~*~*~*~*~*

  2. #2
    Registered User Momto5RN's Avatar
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    UGH was supposed to say NOT the best in Daves eyes .
    I am so sick and so frustrated right now ugh ugh ugg !!
    *~Debbi~*
    Happily Married Mom to 5 ; PT Home Care RN
    Living with FMS


    “Fear less, hope more; Eat less, chew more; Whine less, breathe more;
    Talk less, say more; Love more, and all good things will be yours”
    Swedish Proverb


    *~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*

    Getting Gazelle like 7/1/10
    Paid off 6 CC's totalling $6807 in 2010
    Paid off car 9000
    2011
    Quit 2nd Job for health reasons so going slower .
    2012
    purchased used car in cash 5000
    *~*~*~*~*~*~*~*~*

  3. #3
    Moderator Ceashels's Avatar
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    gazelle intense is one thing .... but health is more important.

    Everyone modifies their plans to fit their circumstances and you NEED to do the same so you can live healthfully. Kudos to you and your husband for making it work for you.

    Smiles and hugs, you will get there!
    The Free Spirit Saver who walks the path with Greebo.

    Onboard with a modified Dave Ramsey Plan
    Budget: "Every month! On paper, on purpose!"


    Gardening somewhere between Zone 6b and 7a.

  4. #4
    Registered User Brat's Avatar
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    Some times we have to do what we have to do for our own health...

  5. #5
    Rude and Vile Master Greebo's Avatar
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    Default

    Hmm. Well - you have a debt either way - whether it's to the IRS or to Discover is the only question.

    And you know how Dave feels about the KGB ... I mean IRS. The IRS has NO limits - they can freeze accounts, seize assets, and make your life a living hell.

    So given the alternative - I'd pay as much as I could in cash but if you can't pay it all in cash, then yes a personal loan to cover taxes *IS* actually DR. Dave has actually TOLD people - owe to creditors rather than the IRS.

    So don't look at it as new debt or yet another step back - the taxes are the step back - you're just moving the debt somewhere with limits on what they can do.

    Then if your health does deteriorate again - well - your worst case scenario is bankruptcy and you can BK a debt to discover - you can't BK a debt to Uncle Sam.
    If you could kick in the pants the person responsible for your problems, you wouldn't be able to sit for a month.

    Did you know that a 4 year student paying $20,000/year who finances their education graduates with over $103,000 in debt to start? But a student who works and pays cash and takes 6 years to graduate ends with $6,300 in their pocket! So much for "getting a head start by financing!"


    Greebo
    (Nerd Spender): Loving and extremely patiently tolerated husband of ceashels.
    WARNING: Y Chromosome behind the keyboard. Adjust your listening filters appropriately!

    Three
    Two mortgages, two one no car loans, one no credit cards, and a partridge in pear tree!

  6. #6
    Registered User Momto5RN's Avatar
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    thanks everyone
    Sometimes i am harder on myself than i really should be .

    I know myself well enough that if we didnt take the loan step we did this weekend - i would just keep stressing and feel it was up to me to work more to come up with the $$.
    *~Debbi~*
    Happily Married Mom to 5 ; PT Home Care RN
    Living with FMS


    “Fear less, hope more; Eat less, chew more; Whine less, breathe more;
    Talk less, say more; Love more, and all good things will be yours”
    Swedish Proverb


    *~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*

    Getting Gazelle like 7/1/10
    Paid off 6 CC's totalling $6807 in 2010
    Paid off car 9000
    2011
    Quit 2nd Job for health reasons so going slower .
    2012
    purchased used car in cash 5000
    *~*~*~*~*~*~*~*~*

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