Six Figure Debt

Sorry it has been so long since I’ve updated the web site, I’ve been working furiously on our debt plan and just haven’t had the time to sit down and update the numbers, but they are encouraging.  The emergency fund is fully funded, we are reloading our 401k and both of our jobs are going […]

We have finally funded our emergency fund %100.  With the economy still sluggish we have adopted the “cash is king” philosophy and have fully funded our emergency fund.  I have a 90 day payout in my current employment contract so we are fully funded for 6 months.  It wasn’t easy but my wife’s job and […]

Now that Mrs Bad Spender and I are employed and in the process of debt reduction we have put together a budget to accomplish our goals.  Our goals are to be debt free in 12 months, start contributing to our children’s college funds again, save for a vacation and to begin rebuilding our wealth.  This […]

After I wrote my last post, I received not one but two calls regarding potential employment.
I interviewed with job # 1 on Friday.  The position is within my field, not exactly what I am trained to do, but a position that certainly is within my skill set and one that I am qualified to do.  […]

My situation is a little different because when I married and had kids I had a good job, a healthy 401k and equity in my house.  Through a series of poor decisions and  a major job loss I ended up with over $140k in secured and unsecured debt.  The normal signs of trouble weren’t there […]

My wife and I are always on the lookout for ways to trim money out of our grocery budget.  The money we spend on food is one of the largest expenses in our budget every month, experts estimate that the average household spends 30% of it’s monthly budget on food.  I can across this article on Yahoo finance […]

My wife and I have finally decided to look for another house to rent.  We can’t purchase a new home because we already own a home in another state, thank GOD it is rented or who knows where we would be financially.  The renters cover everything, including the taxes so the house is a break […]

January proved to be a good month in our debt reduction quest.  As you can see from the graphs on the left, we made a significant dent in our debt.
Overall we reduced out outstanding debt by  $4261.38 in January alone.  We are using Dave Ramsey’s debt snowball and I am really encouraged by our progress.  […]

Its been almost a year since I made the LAST payment on my car and it feels great.  I doubt I will ever own a new car in my life again unless I can pay cash for it.  I simply have no interest in having a car payment again, EVER.  I may continue to buy […]

The other day I was wandering Wal-Mart picking up a few things for my wife’s business when I came upon the iphone in the electronics department.  I need a new phone as my two year old Motorola Q for some reason isn’t downloading my e-mail anymore.  I really rely on my Q for business and […]