Six Figure Debt

Even though I am still not working, I’m unemployed for the first time in my life and can’t believe how difficult it has been to even get a call back on a resume’, I am continuing to service the sizable debt that we have built up over the last few years.  Click here to read […]

I received my large tax return today and am proud to say that we paid off ONE of the credit cards today.  It was the card with the smallest balance, the balance was roughly $4,100.  I sent the payment today and the feeling of accomplishment is awesome.
In addition to the credit card pay off, I […]

My taxes were finished today and we were delighted to hear that we will get almost $15,000 back from the Federal government.  This doesn’t include the $1,800 we will receive as part of Bush’s economic stimulus package.
 We got the generous return because of the losses we suffered in the sale of two houses in 2007.  […]

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 […]

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 […]