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Bad News

August 12th, 2013 at 11:59 am

I finally did hear from my insurance. They were contacted by the car rental company. I will have to pay the $1000 deductible and loss of use charges that the company incurred for taking the vehicle out of circulation. The insurance does not cover that.

All the work I did in the last month is now undone. The money will have to come out of my meager savings, and split between two credit cards.

The silver lining is that they called me this morning. At least I did not spend the weekend worrying about it. Financial stuff seems pretty bleak right now. I think I am going to take a break from thinking about it too much for now.

13 Responses to “Bad News”

  1. ceejay74 Says:

    So sorry to hear that! I understand your wanting to take a break from thinking about finances. Just be sure that doesn't involve spending recklessly, whether on gambling or other unplanned purchases. If you still try to live frugally and stay on track, you can minimize the damage this bump in the road caused.

    I'm rooting for you!

  2. Miz Pat Says:

    I'm sorry to hear this happened. This seems to happen a lot when someone starts a frugal life style.

    Chin up - we are thinking of you.

  3. Bob B. Says:

    Sorry to hear. In the beginning of a financial turn around, it can seem like two steps forward, one step back, or three steps forward, four steps back.

    Several of us have been where you are, and most of us are much better off now. Stick to your goals. Keep moving forward.

  4. MonkeyMama Says:

    I am sorry to hear too. These things happen. All you can do is dust yourself off and move on. You can do it!!

  5. laura Says:

    As Dory in "Finding Nemo" said, "Just keep swimming, swimming, swimming ..."

    I do feel like I'm stagnant at times, but will then be surprised when things have improved overall. Just make wise choices with the money that you have. A positive mindset will help. Keep posting and we'll keep rooting for you!

  6. Wino Says:

    How much worse off would you be had you not been striving to rid yourself of debt? Note that the $800 you paid to your sister is still paid. Had you not limited your spending, would you not have had to borrow more?

    In other words, you're still better off than you would have been, so stay on the path you've been following. This is just a bump, not a chasm.

  7. creditcardfree Says:

    I agree with everything everyone else has stated. A bump in the journey happens. The question is where do you want to go? Keep focused on the goal...less debt, right? Yes, your starting point has changed. And it is upsetting. You won't get to the goal if you don't move forward and keep doing what you have been doing recently.

    Want to tell us the amount? Is a payment plan available? If not, what plan will you make to pay off the debt.

  8. CB in the City Says:

    It is not undone! Everything you have done is helping to mitigate this problem. Had you done nothing, you would be worse off.

    Accidents happen. Next time you will be even better prepared.

  9. baselle Says:

    This happens a lot, please don't get discouraged on your frugal journey. Remember its a marathon, not a sprint, and you've reached a stage where you might have to walk a bit instead of run. Just remember to pick up the pace when you do get that second wind.

  10. scottish girl Says:

    So sorry to hear. I agree with everyone else, keep blogging and we can help you through this.

  11. IndianGal Says:

    Thanks for all the support. I feel better today. I will post about it again soon. Thanks for reminding me that this is a long journey and a few bumps are inevitable. :-(

  12. LuckyRobin Says:

    I've had so many bumps in the road on my way to financial freedom I gave myself a couple of theme songs or anthems or whatever you want to call them to encourage myself when I felt like I had fallen on my face again. It was surprising how much it helped me to get back in the right frame of mood every time.

  13. soogar Says:

    I read a book in which the author stated that a person can expect to slip backwards in their journey to financial recovery. Just as you assemble your 1,000 emergency fund, something will come up and you will have to use your fund and then have to start all over again. It's a part of life and an integral part of financial discipline is the ability to persevere and re-start those building steps numerous times. It's similar to dieting. Sure there are "perfect" people out there who adhere to their diets, but most people fail occasionally. Bodies fail as well and you have to adjust to and forgive those failures.

    Sorry about your car, but that repair is just a hiccup. Keep your focus on the big picture and don't get caught up in the the little setbacks. Eventually you will turn around your money karma.

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