This is pretty cool....I read about financial blogs in our local paper and how people basically counsel themselves in getting rid of debt and eventually actually putting money away. So, I thought I'd give it a try and see how it works out.
My husband and I are in major debt. We recently lost a 3-family to foreclosure and that put is in the hole--big time. So, my goal for this coming year is to pay off atleast 10 of our smaller bills so that way I can concentrate on the bigger ones after.
So, here goes!! These are our debts.
credit cards--$9,829.21
$12,105.06
$186.01
$233.10
$450.95
car loan $900.00
overdraft $1,493.01
medical bills-$363.95
$132.48
$310.00
$302.42
$262.20
$237.96
home equity $58,000.00
grandparents--$5,500.00
mom $1,500.00
Total--$91,806.35
OUCH!!!! It hurts to see that figure. So, my goal is to pay off all the medical bills, car loan, and the 3 smaller credit cards. And hopefully when I get my taxes done (eventually), I can pay my grandparents whatever I can.
So how's that for debt!!! I'm really hoping this works because I hate to know that all our money goes towards bills and not savings.
Introduction
February 27th, 2007 at 07:32 pm
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http://www.savingadvice.com/forums/
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February 27th, 2007 at 11:07 pm 1172617633
The only tip I would have to add here is to start a plan to "pay yourself first" even if it's only $5 or $10 from each check.
For years I have been a total spender and could not save if my life had depended on it. lol. I am in charge of $101 each month.
Since I have joined this site, for the last two years I have been broke only 2 months out of the year at the end of the month. I still am working on actually saving, but I'm starting to get there this year.
You can do it!
February 28th, 2007 at 12:48 am 1172623724
And thanks for the encouragement Fairy!!
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