What was the reason?
Find a Conversation
|Fri, 04-18-2014 - 12:40pm|
I remember the day very well. DS1 was 3 and going to preschool for the first time. DS2 was just 6 months old. I was walking in the pouring rain 20 minutes (I live on the West Coast). When I arrived home from my 40 minute round trip of walking, I noticed my baby had purple hands! When I touched them, they were ice cold and he just screamed. He cried for 20 minutes.
We went out and bought a second (used) car the next day.
And it was "too much" for us to handle. And so, here we are 3 years later still with $18K in car loans. We had a $20K loan on car1 and bought car2 for $16K.We put 3K from our efund on it. So we went from $20K in debt to $33K. And we decimated our efund...we still had $1500 but aaaah the days when it was $4500 ;-)
Then I tried to make more $ to pay for it. Hmmmm....I never finished that college degree. Back to school and another $500/month to pay for that. DH changed jobs and his pay went $800/month (but his yearly has gone from $36K to over $50K this year so it was worth it).
And I can't help but trace it back to that day. Was it a good thing or a bad thing? Yes, we started this debt journey...we had the other car payment but it was new and we were paying it of $800 mo and it was more than managable. OTOH, if didn't feel pinched, would he have changed jobs? Would I have gone back to school? In the next 20 years thos decisions will definiely pay off.
But it was the reason for all this. Do you have a defining moment or period like that?