A Single Mom Milestone

So, after five long years, I made my last car payment this morning.  It may not seem like a big deal to many, but for me it’s a considerable occasion.

In my 29 years of driving, I’ve bought several cars, but I’ve never paid one off.  You see, I am a self-proclaimed “car junkie”.  I generally get the “car bug” and end up trading in my current ride for something cooler.

This event is also special to me because during my marriage I went out and bought this car on my own (without his approval first). I brought it into my new life and one income household.  We survived the five months I was without a job.  There were some close calls where I thought i was going to lose it, but by picking up odd jobs and keeping in close communication with Wells Fargo, we made it through. Thankfully.

Now that it’s paid off, here are some things I need to do~

1.) Celebrate! Besides announcing it on social media, I also sent a text to a few close friends.  I’ve asked one of my girlfriends to meet me for a quick beer after work. The office car wash guy comes tomorrow and I can’t wait to have her all detailed and maybe even snap a photo.

We tend to get so wrapped up in our day that we forget to celebrate the minor things in life.

2.) Make a plan of what to do with that extra money each month.  I have already decided 1/3 will go into savings, 1/3 will go towards paying off old debt and the remainder will be used for “stuff”.

3.) Make notes to follow up with the lien holder in regards to the pink slip.  Once received, I will store somewhere secure.

4.)  Call my insurance company to see if I can lower my coverage.   I also plan on obtaining quotes from other companies.

If you have any other tips, please share!

 

 

 

 

 

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One thought on “A Single Mom Milestone

  1. Valerie Vivas August 20, 2016 / 1:21 am

    Yayyy congratulations!! That is wonderful!

    Cheri, this may sound crazy, but last year was the first year, at age 68!, I bought a car by myself!!! I always had my dad or a husband to help! Scary-good!

    So I definitely get how empowered and proud of yourself you must feel! And you deserve it!!

    So….celebrate your pretty self off!

    Kudos to you!

    Love, V.

    Sent from my iPad

    >

    Like

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