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Gazelle Time - Trying to stay out of massive medical debt

October 26th, 2017 at 07:49 am

MO and I have been talking and gearing up for 6 months of "gazelle like intensity" from November to April. We were going to focus on cutting costs as much as we could, no casino trips, no eating out, no cases of beer/pop in the fridge, no un-needed spending, and at the same time me doing more OT, making FB sales (which are going amazing BTW) and MO coaching Bball and earning that extra money. We wanted to ensure that we can payoff the Mom Loan by March/April and then bball is over and we could go on vaca and celebrate having the Mom Loan paid off. We were already planning this (making freezer meals, stocking the pantry, discussed in detail, etc.) and then yesterday we found out we are probably going to have a $20K medical bill coming up.

So for now we will not be looking to make any early payoffs, but just to keep our heads above water mentally and financially. We are still going to do our 6 month gazelle, but instead of planning on using it to payoff the Mom Loan, we will be holding it to see what we will owe for the medical and hopefully not go severely backwards on the debt total. We do not have a time line yet for the procedure, but probably not till early next year. I do have health insurance as well as about $6K in my HSA account. I also changed my elections for next year to start putting money in the HSA again (I had it up to $10K at one time but weekly tests/apts/ have drained a lot). So my paycheck deductions are going to double from about $80 a paycheck to $160 a paycheck.



3 Responses to “Gazelle Time - Trying to stay out of massive medical debt”

  1. CB in the City Says:

    Sorry to hear this; I hope you are okay.

  2. snafu Says:

    You are one of the SA couples most likely to succeed in meeting your goals. We're all cheering for you.

  3. Banker Gurl Says:

    CB - Thank you!!

    Snafu - I appreciate that, I know we can make it work!!

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