A Self-Imposed Deadline

I have a new goal: Become debt-free by 40.

Paying off my debts is already a goal, but that’s focused on my credit card debts. I want to have zero debt whatsoever. No, I don’t care about “leveraging”. Owing money in no way makes me feel good. It really serves only to give me anxiety.

Credit cards: $5,210

Community college: $3,629.10

Student loans: $27,800

Private loans: $10,392.40

Total debt: $47,031.50

So, altogether, I am in $47,031.50 worth of debt at this moment. My 28th birthday is in next month, which means I am giving myself twelve years to pay down all of this debt without accruing more.

($47,031.50 / 12 years = $3919.30 per year) / 12 months =$326.61 per month.

I’ll round it up to $330. I must give a minimum of $330 per month to my debts to be debt-free by age forty. In twelve years, that would total $47,520. Not accounting for interest.

Why did I choose age forty? Because I feel like if I don’t have my life together by that age, there is no hope for my life in any capacity. I am embarrassed to not have my life figured out when I’m nearly pushing thirty. It took me too long to figure out what I want to do as a job. It’s not a good look to have the life of a 20-year-old (school, work, living at home) while everyone else your age, older, and younger is getting married, has kids, new houses and cars, travels, and vacations. And no, that’s not an exaggeration. I’m the only one of my friends who will have completed college, and while it is something I want, it really feels like it pales in comparison because they’re in the place someone around my age is expected to be. At thirty, you’re expected to have the career, the marriage, the kid(s), the car, the house, and the trips. Not all of them have all of that, but all of them have at least one. So, what the heck am I doing? Don’t answer that.

I’m not “young and fresh” anymore. I’m not the future. I’m not a 16-year-old who everyone looks at and thinks of having a bright future ahead. I don’t have all the time in the world. On the contrary, I’m running out of it. If I wanted kids, I have no idea where I would fit them in. I couldn’t imagine where I would fit them in if I went on the standard path, so I can’t imagine how I would fit them in on the unusual path I’m on.

That said, I’ve thought about that a lot, so I want to map it out.

Ages 14 to 18 would be high school.

Ages 18 to 22 would be college.

Work right out of college, so career at 22 (I know that doesn’t always happen, but it’s presumed).

I don’t know when marriage would happen, but I wouldn’t want to marry while in college. No idea when I would meet someone, but I met my boyfriend a few months before my 21st birthday. I would want to wait at least four years before marrying (yes, I know the length of time is irrelevant; it’s a comfort thing), so let’s say 25.

Married at 25, and working for three years. I highly doubt three years is enough to consider yourself “established”. At 30, I would have eight years in the field if I didn’t stop working, but it goes without saying having even one child would interrupt that. I also wouldn’t want to have a child right after getting married. Maybe I wouldn’t wait five years, but I must admit I’m unsure how I’d plan that.

Come to think of it, no one ever says what to do after college. Go to college to get a job. After that, what do you do?

But my point stands, so I repeat: if I couldn’t figure out how to fit a child into my life when I’m doing things right, I have no clue how I’d do it when I am doing everything wrong.

Of course, with 40 being 22 years since adulthood, being debt-free and having a college degree is very little to claim for one’s self. My friends with kids will be halfway done with child-rearing by then, and will no doubt have many more accomplishments (and that of their kids) to their names. And I know it sounds weird to talk about all of this since, as I said, I don’t want kids. But I do occasionally wonder if I’m supposed to want them. The feeling didn’t really happen until one of my friends became a parent, and I sincerely like kids, so it’s not a hate thing. Of course, that would mean I want to be a parent to fit in, not because I want to be a parent, which is a terrible reason to take that plunge.

I also grew up in a family that cared excessively about their image to strangers, absolutely chastised me (and that’s putting it mildly) for not caring, simultaneously sheltered and abused me, and I faced bullying throughout my all of my K – 12 school years. So, that’s probably also influencing my thoughts.

Hopefully, this degree will lead to a job where I make enough money to afford therapy.

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