Decisions, and other words that start with D

I started writing this post about a month or so ago. It’s funny how some blog posts seem to pour right out of me like a thunderstorm, and others are like so many of the storm clouds I see around where I’m living right now. They hang around and you think something’s going to happen, and you get excited thinking about it all day long (that is, if you like storms like I do), and then at the end of the day, nothing, nada, zip. Just a bunch of dark clouds.

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Dark clouds like this are common during monsoon season.

So… I’ve been doing a lot of thinking lately. About what I really value in life and what I think is wrong now and what can be fixed, etc.  I think for a bit there, I was fighting a relapse into depression.  I was avoiding going to see a doctor because I was worried the visit would cost me several hundred dollars since I have a $750 deductible with my insurance plan. I’d been rationing my prozac supply so it could last as long as possible. But the 20 mg is just not enough, I know that now. I was beginning to feel more like when I was first officially diagnosed, right after my husband and I split. It was not as severe, but it definitely didn’t feel right, or good. So I started taking 40 mg.

I also decided to go to a nurse practitioner, thinking the office visit would be less than seeing the doc in charge. I also asked for a new prescription for Wellbutrin. Using the two in combination worked for me in the past. I remembered how I used to feel confident about myself, and even happy.  It’s been a few weeks now since I’ve been on the 40 mg and the wellbutrin, and the combo seems to be working well. A few days ago, on a drive home from Flagstaff with a friend, I looked out the window at the nighttime landscape and remembered, “this is what it used to feel like. When I was confident and felt at peace about stuff.” It’s just that it’s different now. Now I’m living that part of my life I was only thinking about doing, then. 

If you’ve never experienced clinical depression, you might wonder how I knew. What were the warning signs? Well, I knew I was relapsing because I’d been starting to feel stressed about one item, and then my mind would let loose and start stressing about other things. It would start what I can only describe as a spiraling effect. Anti-depressants like Prozac help in that they help your mind to take a moment to say “wait, stop, think about what is really going here…think logically, not emotionally.”  The Wellbutrin works with another part of your brain, because sometimes Prozac, in helping you to calm down and think, can also make you feel kind of blah. (At least for some people.) So Wellbutrin helps to counteract that. You can feel more pleasure in your life. It’s not a happy pill, though. You still have to do the work on yourself. I was also finding that I wanted to just go to sleep at night, or I was having problems getting up in the morning. The idea of working out in the am just sounded exhausting. I didn’t see any point in doing anything.

So that is one decision I made. I acknowledged what was going on with me, inside, and decided to do something about it.

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I try to enjoy this view as much as possible. There is an overlook at my apt complex – that’s the southern end of Lake Powell below.

Debt. Well, yes, I have it again. A credit card balance. I did have two – I decided to take some money out of savings and pay off one of them – the one that was accruing interest. And that credit card has gone into the freezer. It is encased in a HUGE block of ice in a mason jar. The other card has a zero percent interest rate for 21 months, so now it’s time to chip away at it. I’ve also put a savings thermometer on my wall so I can track my progress. It’s posted right near the door so I see it everytime I leave for work.

Other decisions have not been so cut and dry and not so much set in stone. Yes, I know I want to leave this area by the time my lease is up, if not before. But as to where I’m going, thas been in flux. When I first started writing this post, I had decided, “that’s it, I’m moving back east.” I was so decided that I even posted about it on facebook. Because, you see, that’s how I hold myself accountable (usually.) I put it out there and then feel like I have to follow through with it. But here’s the thing. That’s the kind of thinking that got me into a lot of trouble with certain decisions in my life. The idea that because I had started law school, I had to finish it, no matter  how miserable it made me. The idea that I needed to stick it out in my marriage when I was so unhappy, because that’s what was expected of me, and what I expected of myself, because that’s what you do. You stick things out and make them work. 

I’m realizing now in life, though, that things don’t have to be set in stone. Decisions can be made and decisions can be changed. I don’t have to have everything always figured out and planned ahead of time.  And just because I decide to change up on things doesn’t mean I am a quitter or a failure. I don’t know why I have always been so hard on myself. I just have.

I’m realizing maybe the southwest isn’t so bad after all – maybe it’s just the location where I am now, or the fact that it’s such a small town and such an extremely different from where I spent so much of my life, that has made me feel like a fish out of water. I said to a friend recently, I feel like in this town, I’m just a visitor. I don’t feel like I really, and truly, belong here. So I’m going to try out other places in the southwest, even if it’s just with a few trips. I’m going to road trip to Albuquerque when the season is over (at least that’s the current plan) to check it out. It looks like a city where the cost of living is a lot less expensive, the food is amazing, the winters are a lot milder than back east, the city is surrounded by beautiful mountains, lots of running and hiking trails, there are universities and colleges (and therefore, more options for jobs should I go that route) and a lot of diversity. I know not everyone likes it there (Jen, are you reading this?!) but that doesn’t mean that I won’t.

I’ll be honest, folks. I am SICK and TIRED of living in expensive places where I spend so much time worrying and working to pay rent.  Yes, I know there will be shitty areas of town wherever I look, as there are shitty areas of town in any city in this country. As long as I can afford to not live in a horrible section, and feel safe when I sleep at night, I consider that a positive. In fact, I will look for the smallest place possible, because as you know, I don’t like a bunch of extra crap in my life. If I question getting something, I just ask myself, “Do I want to move this in the future?” That kind of question really helps you to prioritize possessions.

I’ve decided to get back into working out regularly. A friend and I individually used to work out 5-6 days per week, and neither one of us can stand how we feel. I’ve begun running again, and just the other day, bought myself some new Hoka One One Running Shoes (the Clayton model, to be exact.)  And I made sure I could afford them since I’ve worked so much overtime lately. I’m headed to the gym this morning to run on the treadmill a bit, and then do some weights. Tomorrow, I’ve been invited to go canyoneering which is exciting and terrifying at the same time since it involves rappeling and I do have a fear of heights. But I’ve pushed through that kind of fear before when I learned how to do top roping, and I remember the feeling of confidence it gave me afterward. I need to continue pushing myself out of my comfort zone. And I really do want to see other parts of this area where I live. It’s not safe to go hiking by yourself in the desert, which is why I’ve felt constrained and unhappy, not being able to do it before now. So, I’m glad to have the opportunity to do it tomorrow. If you see another blog post from me, you’ll know I’ve survived. 🙂

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I leave you with this pic of Max, one of the loves of my life. He’s a bit of a drama queen, as you can see from this photo. ❤

Anyway, again, sorry for the long delay in posts. I hope I haven’t worried some of you with my silence.

 

 

 

Getting Rid of My Debt: FINALLY some good news (I think)

I called up Navient today – they are the company that has recently taken over my loans from that EVIL BEE-ATCH, Sallie Mae. Have to say, it was nice talking to someone who didn’t sound like she was reading from a script and could actually answer questions. When she heard that I had already been paying my loans for 17 years (and she could see my balances), she said “oh, that makes me feel sick.” I said “trust me, if it makes you feel sick, you have NO IDEA how sad it makes me feel.”

Someone commented last week that they know about “student loans” and they hear about “student loans” but it’s another story to see them. So I need to put down some cold, hard numbers here. In addition to my LAL loan (which is private) and has a current balance of $13,390.70, this is what is sitting there for my federal loans:

BIG DADDY (consists of my federal law school loans):

Loan 1-09: $44,347.24, interest rate of 7.5% (fixed), unsubsidized
Loan 1-10: $30,821.51, interest rate of 7.5% (fixed), subsidized

TOTAL: $75,168.75

SIMMONS (consists of my library science school loans)

Loan 1-07: $9,106.26, interest rate of 1.62% (fixed), subsidized
Loan 1-08: $14,081.79, interest rate of 1.62% (fixed), unsubsidized

TOTAL: $23,188.05

GRAND TOTAL of FEDERAL LOANS: $98,356.80

GRAND TOTAL of ALL LOANS: $111,747.50 (including my LAL of $13,390.70)
Anyone depressed yet?? This is what the loan system has turned into! This is after 17 years of paying on the $75K portion of Big Daddy and the LAL loans, and paying for 10 years of paying on Simmons Loans!!  Ok, I digress and will stop ranting.

So, the good news: next year, when I change my living situation and move (probably south, but definitely someplace warmer), I will apply for what is called and Income Based Repayment or IBR plan. With this plan, I will never have to pay more than 15% of my AGI as long as I keep reapplying for renewal of the status every 12 months.  I know that as a veterinary assistant, my salary might be somewhere in the 20-30K range (and the 30K range is kinda pushing it.) So I asked the Navient person to run some numbers, if I had an AGI of $25K and 20K, respectively. Whereas right now I am paying $538 a month just to keep my loan from growing, my payments would go down to about $93/month and $33/month, respectively.

What’s the catch? You know there had to be one, right? Of course there is. The catch is that the IBR plan will last for 25 years. At the end of the 25 years, whatever amount is not paid off will be forgiven. (There is some question as to whether that amount would then be imputed to you as taxable income for that year or not.)  So if I were to do something like that, it could be conceivable that I could be paying off law school (and Simmons) loans for 42 years. You read that right. 42 years. And that’s if I changed to that plan right now. However, changing to that plan right now would actually raise my monthly payments, likely to something around $700, so if I do switch repayment plans, it’s not going to happen right now. I’d be paying something like $1800 to save myself somewhere around $360 or $1080 (depending on how low my salary is) to end the loan 25 years from today instead of 25 years from next fall.

So here’s where I am at. I don’t love the idea of paying loans for another 25 years, obviously. I’m already 42. Who wants to pay until they are almost entitled to social security and are almost three times the age they were when they first got out of law school? (I was 24.)  However, since I feel like I have paid for these loans already at least twice, I don’t feel too badly about making the government wait and wait and wait to be paid these amounts, and to then be paying  smaller amount overall. I know as a vet assistant, it’s not like my salary is going to drastically change over the years. It’s not like I could ever make it back to the salary I am making right now, I know that for sure. And, since I have learned to live simply, I could maybe afford to save a bit at the same time too, so I’m not living hand to mouth. I still want to be able to save for retirement, even if it’s at a smaller rate per year. And keep away from the credit cards, because those can bury you. Luckily, I don’t have any of that debt right now. And I would hope that working as a vet assistant, I could maybe get a break on vet care for my herd. 🙂

Unfortunately, society just doesn’t place such a huge monetary value on those who care for animals. It’s not like I’d be running a huge investment bank or anything important like that, right? (Don’t even get me started on that kind of rant about executive compensation getting out of hand…again, I digress. Sorry.)

I do still plan on paying off that LAL loan by the time I move. I could pay it off right now – I have enough in savings, but it would definitely put a damper on what I have saved. And it feels good for  me to mentally keep looking at the savings balance I do have and know I’m getting somewhere. Right now, so much of my payment on that loan goes to principal, that my financial advisor suggested I keep hoarding cash and then take a look at things in the spring or summer and decide to pay it off then. That way if anything else happens in the meantime, expected or not, I’m prepared and have some liquidity.

I find it somewhat sad, but this actually seems like good news to me right now.  Any thoughts from any of you? If so, please drop me a note below.

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Getting Rid of my Debt, Part 8: Questions I Ask Myself

Sweet Virginia, who was just adopted this past weekend from the ARL of Boston!
Sweet Virginia, who was just adopted this past weekend from the ARL of Boston!

If you are a faithful reader of my blog, first of all, thank you. But you may be wondering how I could go from Part 6 last week to Part 8 this week. Simple. I can’t add. I looked back at my posts and realized last week was actually Part 7. I’m home sick today but had most of this post already written so I thought I would go ahead and hit that old “publish” button. (And now, if you will excuse me, I have to go lie down and take a nap.) Read more

Getting Serious about my Debt, Part 3 (all 122K of it, plus or minus a few bucks)

When I wrote my earlier post about fear, my friend Kate said maybe I should turn my fears on the side and take a look at how far I’ve come. I definitely want to do that. But for tonight, I’m going too take a look at how far I’ve come in getting rid of my debt in about 6 weeks. It helps me to see it in perspective like this. It is working. Just not as fast as I might like it to move.

Here is a picture of my overall debt as of Sept. 3rd of this year (just click on the photo to enlarge):

Total Debt as of Sept. 3rd
Total Debt as of Sept. 3rd

And here is a picture of my debt as of October 14th ((just click on the photo to enlarge):

Total Debt as of October 14th
Total Debt as of October 14th

I think this is good considering it’s only been about 6 weeks. The difference amounts to $2,026.38!! And yes, I really have nicknamed one of my loans, Big Daddy.  And yes, that’s a fixed interest rate of 7.5%. I know….sigh….

You might wonder how I don’t paralyze myself by looking at these numbers. Well, I try to not look at them as a whole. I try to focus on the little gains I am making in them month to month.  My LAL loan has a variable interest rate that can go as high as 9%, so it’s my next area of focus after my personal loan is gone.  That and establishing more of an emergency fund than what I currently have. Then, Big Daddy and then finally the Simmons loan. (My financial advisor suggested this order.)

There is a line in one of my favorite YouTube videos where Logan Smith makes the point that people always think that they need to earn more money, but they forget that “they can always spend less.” He emphasizes the word “less.” That made a big impact on me. It’s part of why I sold my car. It’s why I don’t eat out much, especially for lunch at work like many of my colleagues. I can eat healthier if I bring my own from home. The few times that I have bought lunch at work is when someone is quitting and it’s a good-bye lunch. And dinners, I usually eat at home also. And all those books that discuss the “latte factor?” Yeah. Those don’t apply to me either.

While i have taken Logan’s words to heart, I am also looking for ways to increase my income. A friend of mine, whose husband is out of work, told me about mystery shopping. I just signed up with a few companies over the weekend and have already received some emails about “shops” in my area. I’m excited to try it out, and hope that there are opportunities to do more than pose as a buyer at a car dealership (what i have already seen posted.)

One thing I like about the concept of mystery shopping is the freedom you have in scheduling your shop. You get a date range during which the shop should be done but the actual scheduling ultimately works on your own schedule. I’m hoping I can make a little bit of extra money to out aside for my tiny house (or just pay off debt faster), but I need to make sure I still have time for studying and writing, as well as my furballs. I don’t want to lose sight of my priorities in addition to getting rid of my debt.

This doesn’t take into account any money I am trying to save. It’s hard to do both – save and drastically pay down debt simultaneously. But I’m trying! (That’s for another post — I’ll keep this one short.)

Stay tuned, I will let you know how it goes, on both the debt reducing and the mystery shopping fronts!

Focus…..focus…..FOCUS!!!!

Grand Cayman
I definitely have a problem with focusing myself sometimes. Even with this blog, I originally reserved the domain name with the thought that this would be a blog about my digging myself out of my seemingly never-ending student loan debt. I had just finished reading Joe Mihalic’s account of how he had dug himself out of $90,000 in student loans in 9 months. (He graduated from Harvard with an MBA and there are definitely differences in our financial situations to start, but still, his story motivated me. His blog is called No More Harvard Debt.) Read more