Six Figure Debt

This spring has brought no relief to our situation.  Currently we are in default on all credit cards and can’t even seek settlements because our basic living expenses far exceed our income.  I’ve had zero luck even getting a job interview and my wife is getting interviews but so far no offers.
To make matters worse, […]

My wife didn’t get the job but all isn’t lost.  The school district isn’t going to hire a full-time replacement until the fall so she is still in the running when school starts up again in September.
We aren’t devastated as our small business is up 20% in January.  We’ve experienced phenomenal growth since Christmas and […]

I haven’t written anything in a few days as I was anticipating news on my wife’s job prospects, but as of Friday we hadn’t heard anything about the job.  My wife thinks she nailed the interview so we are hopeful.  This job could change everything for us, including a move to a new area of […]

As Barack Obama and his boys get ready for round two of “economic stimulus,” I can’t help but wonder why none of the stimulus is being given to the American people.  Sure, car makers, bankers and insurance companies are getting a ton of money but the American people are getting nothing.
Tax money is our money […]

Both my wife and I have been looking for full-time work to supplement the income we earn from our new small business, a fulltime job would help because it would provide Health Insurance so we don’t have to take money out of the company to buy our own as we grow, it will also allow […]

I hate this, but I decided today that I will declare personal bankruptcy. My wife will not be involved, but I need to off-load debt or I will never be able to provide for my family in the future. The unsecured debt I will declare is both mine and my wife’s but I […]

Our debt reduction plans took a small hit this week as we were hit with $300. in unexpected medical bills.  It isn’t anything we can’t handle but it put a serious crimp in our debt repayment this month.  Looks like the minimum payments for at least one of the three credit cards.  We will still […]

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:  […]

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 […]