Two Steps Foward One Step Back
Our debt payoff has been a lot like my dancing skills. It is more like two stumbling steps forward and a fallback. The point of paying down debt is to lower the debt not add more to it but that's not what happened. For like six months I have been trying to decide how to discuss the added debt. Paying off debt is hard getting into debt is easy. We decided to take another 401K Loan to help with Christmas, pay off cell phones, pay off other 401K loan, establish a buffer in our checking account, and pay family member a little something. A hospital bill for an Emergency room visit also ended up in collections. No matter how much we stumble we will keep doing our debt payoff dance or stumble.
This will be the last time I include our mortgage in the debt total. I will post about mortgage payoff in a separate post.
The last debt update I did was in October 2022. Here is where we are at the end of April
Medical Debt
Dental $724.55 down $633.45
Hand Therapy $2,615.60 down $600
Thunder Basin $11,904.70 down $800
Total $14,536.60 down $2,032.85
Family
$1860.00 down $650
Misc.
401K Loan $5236.54 paid off $626.60 however added $5,236.54
Collections
Credit Collections Bureau $3,515.63 down $240.79
Crook County Medical $9,387.67 down $84.53
Collections Pro Mine $15,904.70 down $240.41
Collections Pro His
$40,751.89 added $2223.46
Total $69,559.89 added $1657.73
Student Loans
ZuntaFi $1,920.80 down $602.68
Mohela $90,517.00 No change, however, sounds like the pause may come to the end
Total $92,437.80 down $602.68
Mortgage
$172,852.42 down $1905.94
Total $356,483.25 added $1,076.20
So where do we stand without the mortgage included?
Total $183,630.83
