Six Figure Debt

It is odd that I have created a budget every year for my department at work, but never created a budget for my family.  When I realized that my wife and I had never really tracked or budgeted our expenses, it was as if I had a out of body experience, why wouldn’t I run […]

Which kind of expense do you splurge the most on? 

Expense
Percentage

Food and dining out
25

Entertainment and recreation
17

Shopping and personal items
15

Home and housing
7

Children and schooling
7

Bills and utilities
4

Cars
3

Medical
1

Other
4

Nothing
14

Don’t know
6

This poll was conducted by the Pew Research firm.  It hit the nail on the head for me and my family.  Our biggest splurges (wastes of money) were eating out and […]

When I think back on my college/early work years, it was a struggle but it was certainly the best of times.
I started in my current career when I was 18 years old, I’ve been at it for 21 years, seen my highs and lows, but mostly highs.  One of the things that I always reflect […]

When I had disposable income it wasn’t uncommon for me to spend a few hundred dollars a month on books, I love to read and didn’t think twice about stopping into the bookstore three times a week to get new reading material.  Needless to say those days are over, but I am still able to […]

Is there such a think as Credit disease? @ Gatherlittlebylittle
Ben Franklin on frugality @ Dual Income, no kids
Christmas on a budget @ Momma and the boys
5 ways being lazy got me in debt @ lazy Man and Money

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One of the ways to pay off debt early is to make more money.  There are so many ways to make money in your spare time that it is impossible NOT to generate a little extra income if you are willing to put in the time.  Some ways I have found to generate extra income….
-Blog:  […]

The first thing we did and are still doing is adjusting our lifestyle.  Now that we have rid ourselves of the obligations we incurred when I was making a lot more money, we are better able to chip away at the debt that is staring us in the face.
The good news is we have pared […]

HELOC                              $ 61,622.16
Credit Card # 1                $  15,000.00
Credit Card # 2                $ 11,206.94
Credit Card # 3                $ 21,209.65
Misc. Attorney fees         $ 28,000.00

Debt to be repaid.                 $  137,038.75
A large portion of the money we owe, 40k is a loan that we made to ourselves from our home equity line of credit to start our new business.  It […]

I started this BLOG because I was inspired by a couple of web sites and the writers honesty and willingness to share their stories.  Check them out.  I have made them my first two blogs on my blog-roll.  
It’s been a rough go for me and my family over the past two years, but likely not unlike the trials […]