I added the picture, but – given the title of this post – I could not resist
I think that Diane is running the home as a rental, so I’m hoping that the rents will at least cover the costs (now … or, soon), and that the student loans still have time to run and are locked at low interest rates (?) …. then there’s the scary ‘Credit Card Monster’ …
Owing money is no fun; stress levels increase when you miss a deadline and have additional finance charges and late fees. This is debtor’s prison. But at least we’re no longer locked up where we can’t earn money to pay back the debt.
Today I have debts that include a home ($130k), student loans ($30k), and credit card debts ($22k), plus a monthly obligation that is around $1k (and becomes the worst kind of debt when it’s not paid).
My plan is to continue paying the monthly obligation, pay down the CC debts – have them paid off this summer – and if I am not having income that allows me to pay off the rest, have the monthly obligation and the student loans put on hold. With the tax season upon us, I also need to make my obligations to the government even, so that for the next couple of months, my future is not easily forecast until this reckoning of accounts completes.