So I initially set this thing up about 2 months ago, but things got really tough then and all savings plans went out the window. Now I've got my credit card debt consolidated and all of the other bills caught up so that nothing is behind anymore, and it's time to start working on knocking out the credit card debt and building up some savings.
My boyfriend and I got to this point of debt by being careless with credit cards. It started off with one, to use when there was something we needed ASAP and didnt have money for (ex: care repairs, replacement appliances, dr appointments, etc). After that it turned into opening store cards with the intent of buying one item then paying it off, which never happened. With the credit card bills building up, we got to a point of not being able to afford food, therefore getting another card to cover gas and groceries. All of this leading up to $20k just in credit card debt at age 23. I also have my car payment, and he owes money on a few things that have gone to collections.
We have no savings account at the moment, but plan on getting one next pay day.
We've stopped using credit cards completely. All except for two of them have been closed. The last two are being paid down and saved for emergency situations, mainly because we have no savings to fall back on if we need it. Once we can get a savings account built up, I'll probably close those last two credit cards.
I know I've tried this before, but this time I think I really am ready to tackle this mountain of debt.
Getting Into The Swing of Things
October 27th, 2008 at 06:20 am
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