I have a confession. After swearing off credit cards and paying for my past mistakes over the past three years, I opened a new credit card account. I did.
As I continued answering the questions, and filling in numbers, the amount I owed was going down, but it soon became obvious that I when it was all said and done, I was going to owe more than I had been planning for.
What do you plan to do differently this year to stay on track financially?
Since it was during the holidays, money was extra tight-we wanted to give our kids the best Christmas we could. Having a dishwasher wasn't a necessity, so we decided to wait to spend the money for a repair person to fix the latch until after the New Year.
On a recent date night, Vonnie and I went somewhere that we have rarely gone together during our 16 year marriage.
This experiment was quite an eye-opener. The best way to keep our grocery costs down is not only to stick to a pre-made grocery shopping list, but to eat within the bounds of the food planned and purchased for the week.
Surprisingly, I have also found that sometimes it is cheaper to purchase something from a company's website than to go into the store for it.
We've done this for a few years now, and know how much this preparation can cost; we have found ways to make it as inexpensive as possible:
As my blog posts detailed, we were completely unsure of the process. After reading some elementary books and combing every website for tips, we are more well-versed in the buying process. Besides finding a place that we could see ourselves living in, researching mortgages was the trickiest thing about the process.
In a previous blog we discussed the top ten things to be successful on a Debt Management Plan. This blog focuses on the top ten things to be successful on a Debt Settlement Plan.
Unable to locate it, she grabbed a box of the store brand that had just recently become available and put it in the cart.
But even as that final withdrawal was taken from our account, I didn't cue the trumpets just yet. I wanted to see all my creditor balances at zero. On Friday, February 7th our payments had all posted, and we were officially DONE, and $109,000 of credit card debt was officially GONE
This month's question reflects on the harassing collection calls you may be receiving.
This month's question reflects on using the Track My Progress gadget.
However, that magical number of 100,000 miles weighs heavily on my wife as she has an increasing perception that it may break down at any time.
While from a pay perspective this is a lateral move, from a "happiness" or "fulfillment" perspective, this is an excellent move for Vonnie and our family.
Vonnie and I have been climbing the hill of a debt relief roller coaster inch by inch, dollar by dollar, for three years and four months. Like a roller coaster rider, eyes closed, we listened to the steady click, clack of the car wondering if the ride would get stuck. Wondering if we would ever reach the top. Wondering if it would ever end.
My main objective was to simplify my lifestyle and stop to smell the roses along the way. It's been nine years since I retired and I'm very happy. I feel my road map to retirement made all the difference.
Our population is increasing but our farmland is decreasing. Not that long ago families in American actually grew their own foods. Yes, I know it may be shocking to some of us, but people used to be self-sustaining and we may need to do it again in the near future.
For those of you with me, those who are getting closer and closer to the goal of wiping out this debt, please take a moment with me and enjoy the feeling of knowing that this day is coming.
I'll admit it, single motherhood is one of the toughest challenges I've ever taken on. Yes, it is incredibly there-are-no-words-to-describe-this-feeling rewarding, but it is tough nonetheless.
As a DMP graduate going on almost three years of being debt free, I was very surprised when I checked my credit score and saw it had dropped about 50 points from the year before. The reason? One of my long-term credit cards, which was not on the CareOne plan, was closed. I didn't include it on the DMP because I had no balance on it, and had cut up the card a year before I started the plan.
As I slowed to a walk after grabbing an energy drink, I came to the realization that while I had reached the midway point relatively close to my goal, it had taken every ounce of energy I had to do so.
This post isn't (necessarily!) to convince you to travel full-time; instead hopefully it will help you understand the ever-increasing trappings of the "comfortable" life so you can make decisions accordingly.
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