Six Figure Debt

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 […]

I caught ABC’s Nightline last night on reducing credit card debt.  The featured a woman in Detroit who was swimming in credit card debt.  It was a fascinating segment on how to call the credit card companies to get your APR reduced.  I was aware of this technique but wasn’t sure how easy it would […]

As we look for ways to dump frivolous expenses, we are exploring any and all avenue’s to reduce debt.  here are  ways to deduce debt and eliminate the credit cards.
1.  Stop using debt.  No more credit cards, stop borrowing.  We are strictly a cash only family from this point forward.  We have one credit card […]

I ran across this article in a Detroit Newspaperand it actually echoed some of my feelings regarding the current economic situation. 

“Many years ago — long before anyone started talking about a credit crisis — my mother stopped borrowing money, telling anyone who would listen that credit cards should be used “only in an emergency.”

I’ve long […]

You will notice that all the debt bars on the right side of the blog have been updated.  I have put together a spread sheet of all our non-secured debt and you can see it in all its glory on the right side of the blog.   In the past I hadn’t included all the […]

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 […]

We aren’t desperate enough to burn the furniture, but we have so many unnecessary “things” laying around the house that we have accumulated over the years that it is time to get rid of the crap. I’ve already sold some of unnecessary furniture on Craig’s list. It was an item that we […]

Since my last post I still haven’t met with an attorney about my potential personal bankruptcy. I know I will NEVER be able to pay off my debt but I am still torn between bankruptcy and pay-off. I’ve been hauling this debt around for some time now but I don’t just want to […]

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 […]

Today is the day that most Americans wake up with a feeling of dread wondering “how am I going to pay for Christmas?”  Not me today.  We managed to provide a great Christmas for the kids without swiping the credit card once, we paid cash for everything.
Here is how we did it.
1.  We never shopped […]