8/19/2011

CC Debt

We owe....

$18,860
...combined on three credit cards

don't judge us.....
okay, maybe judge for a minute.


it's okay, i'll wait...

http://www.worldquest.org/?p=2218

okay...enough judgement. Come on, we just bought a car, adopted a dog, got married and had a honeymoon.

(excuses, excuses....we know)

but wait!  you're probably thinking...didn't you save for all of these things, and plan? 

yup, we did! and it wasn't enough...surprise!  Things cost more than you think.  Also...and here's the biggy - we had planned on cutting back our normal spending patterns (on fun things like booze and eating out) and didn't do a good enough job...every month for the last few months the debt's been creeping higher.

So - there it is, our omission of guilt.


Now...now we're going to deal with it - and really deal with it.

We're going to be homeowners come November/December (possession debt hasn't been released yet) - and we refuse to go into home ownership with any debt (other than the car - but that's next after the credit cards).  We've gotten out of the debt hole before, and we an do it again - it's like we've had some practise at this.

Monday - i'll share 'the plan'



Related Posts:

  • Debt UpdateAs of today (Jordan's pay day) we have made our last large payment for the month of August towards our debt and have so far only used our credit cards for gas and groceries as we committed.  I know it's only been a … Read More
  • 'the plan'If you missed our omission of debt guilt, check out Friday's post...it's a doozy. Here's 'the plan' to get out of the $18,860 debt hole that we're in. 1. Stop using Credit for 'entertainment' Jordan and I agreed on step one… Read More
  • Little ThingsAs part of 'the plan' Jordan and are are going through recent credit card transactions as well as our checking accounts and looking for auto transactions that may be adding to the debt load with out us being fully aware. &nbs… Read More
  • Debt UpdateSo far so good in that we're sticking to the plan, as of today we're under $10,000 - here is the debt breakdown: This is what we have left for payments: You can see that Jordan and My credit card are now under their 1/3 b… Read More
  • quick debt load updateThings are getting pretty hectic on a personal level right now, so I won't be writing (at least I say that now) a lot in the short term.  That said, I did want to post a quick update. We've been sticking to our credit c… Read More

7 comments:

  1. Ouch. It's scary when you add it up like that! I think that's why I don't do it. But I know you can do this! and quickly.

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  2. Holy Mole.. On the bright side you have a plan and I know with everything settling down now you can knock off that debt in no time. YOU CAN DO IT!

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  3. Wow that's pretty big but glad you have a plan! I know you two can do it.

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  4. cool photo!!)))) i like it!)) nice judge. check here отдых в Черногории for more interesting info.

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  5. Weddings always cost more than you think! :)

    And I think you mean 'admission' of guilt, not 'omission'. To admit means to tell the truth - to omit means to leave out.

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  6. @Barbara- funny I thought that typo was pretty accurate since I'm not seeing much admission of guilt here!
    "things cost more than you think" "we aimed to cut back on things but didn't"
    How about "we're terrible at budgeting" or "we don't care enough about dipping in and out of debt to really knuckle down and do what we should"

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  7. Hey Hey and welcome back even though I am a little late. You've acknowledged the debt and I have a lot of faith in you that you will bring it down fast. Somehow I don't doubt it and I believe in whatever plan you have. Even if the expenses got a little out of order you seem to have total control.

    ReplyDelete

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