So...a thread I responded to yesterday/the other day reminded me that there is debt I don't regularly pay on and that I don't really think about. And a statement came in the mail yesterday that reminded me of another one...
UGH!
My son has the opportunity to take a trip to Italy and Spain next June. It's been planned for a year and a half now (2 years before departure). I've paid about a third of it, and minimum $1600 is due in February (remaining balance is $2220). I can't really say I had forgotten about the February payment, but I hadn't been thinking about it either. He cannot opt out at this point without a huge penalty. SO...I have to shift focus to pay off that trip without using credit! I can do it, but it sucks I didn't plan better.
Another debt I don't think about: vet bill. We are fortunate in that our friend is a vet, but we do still cover costs associated and don't want to take advantage of our friend. We usually make a large payment 2-3 times per year.
And...money owed to parents. Mine and his. Or, not sure it's owed exactly, but our parents have helped us (separately) over the years, pretty significantly in a couple of cases at least on my side, and we really should give back at some point.
Just more things I need think about, and plan for.
Debt I didn't think about...
December 12th, 2012 at 04:24 pm
December 12th, 2012 at 05:11 pm 1355332301
Are your parents expecting the money back? I would put them last on the list if they aren't waiting for it or considered it a gift. Or know that as they age you will likely help them out. If it was a true loan, make sure you talk about a plan with them once you have one in place.
December 12th, 2012 at 05:14 pm 1355332494
December 12th, 2012 at 08:28 pm 1355344132
December 13th, 2012 at 01:29 am 1355362194
December 17th, 2012 at 08:34 am 1355733257
Jerry