The Cycle That Has Yet To Break

Here is the series of life from 2014 – car, back to school, health and now another car. I could be proud that I kept this number pretty even keel. That’s something to account for, I think.

(Lowest and Highest debt amounts in bold)

History of Debt since 2014:

2014

Jun 2014 $61,368
Jul 2014 $60,857
Aug 2014 $59,971
Sep 2014 $58,976 Lowest
Oct 2014 $58,983
Nov 2014 $65,841
Dec 2014 $63,215

2015

Jan 2015 $68,762
Feb 2015 $67,126
Mar 2015 $66,010
Apr 2015 $62,622
May 2015 $62,423
Jun 2015 $63,715
Jul 2015 $68,383
Aug 2015 $66,681
Sep 2015 $68,208
Oct 2015 $66,254
Nov 2015 $67,282
Dec 2015 $65,707

2016

Jan 2016 $63,674
Feb 2016 $62,953
Mar 2016 $61,913
Apr 2016 $64,912
May 2016 $62,216
Jun 2016 $61,921
Jul 2016 $65,490
Aug 2016 $68,762
Sep 2016 $69,352
Oct 2016 $72,571
Nov 2016 $73,819
Dec 2016 $73,845

2017

Jan 2017 $72,144
Feb 2017 $71,449
Mar 2017 $69,964
Apr 2017 $69,213
May 2017 $68,559
Jun 2017 $67,110
Jul 2017 $68,177
Aug 2017 $69,365
Sep 2017 $69,008
Oct 2017 $67,681
Nov 2017 $66,216
Dec 2017 $64,870

2018

Jan 2018 $65,251
Feb 2018 $64,965
Mar 2018 $68,868
Apr 2018 $85,779 Highest
May 2018 $79,686
Jun 2018 $73,346
Jul 2018 $72,208
Aug 2018 $71,533
Sep 2018 $70,550
Oct 2018 $69,469
Nov 2018 $68,501
Dec 2018 $69,960

2019

Jan 2019 83,864 2nd Highest
Feb 2019 80,720

 

About Jane

Frugal To FI, Jane – I am a single woman on a late start journey to pay off a lot of debt via living frugal, keeping a budget and using cash envelopes.

After finding the Mr. Money Mustache Forum and the blog, No More Harvard Debt – I was able to straighten out my personal finances and get my daily expenditures under control.

I even have a great plan to be able to retire in the nick of time.

Plan (not calculating SSI):

Retirement Updated 12/2018
Future expenses $2,000
x12 $24,000
x25 $600,000
Currently NW $78,564
Current Deficit -$521,436
Assuming I keep adding (@ 8% return) $1,000
Retire in (years) 15
Yes, I am okay to retire at: 60
Always earmark at least $12,000/yr pretax 401k
Goals
Pay off Debt
Save $5,000 – $20,000 Emergency Fund
Future Goals
Then downgrade the job due to a disability (anticipate $55K year)
Move to nature (anticipate $3,000/m expenses)
Forever live frugally
Allot $4K/yr to travel
Retire at 60


But… I still own credit cards or have a habit of taking out loans. While a lot of people can handle credit responsibly, I have ADHD. Which means I struggle with impulse control and executive functioning. Especially when it comes to travel, concert tickets and emotions.

A “You Only Live Once” mindset is hard to exchange for delayed gratification.

I can pay down debt, but I need to learn how not to take out more credit even when the options are eagerly available to me.

Until I get that under control, it’s likely I will continue to struggle with getting out of debt.

Jane:

  • is a good income earner
  • but has a lot of debt
  • has a fantastic credit score
  • introverted, ADHD, OCD
  • has a dependent and a cat
  • lives in a HCOL area with small sq. footage
  • now uses money envelopes and budgets religiously
  • Has a plan that would allow her to retire by 60 or give her self the Option to Retire

Articles:

de60d-about

Jane on Instagram

Frugal To FI – Jane

Little bit edgy. Artsy, foodie, avid coffee & tea drinker. Loves to read the daily horoscope. Would love to travel when the time is right.