New here!

iVillage Member
Registered: 12-24-2012
New here!
Mon, 12-24-2012 - 5:46am

Hi everyone!

Well, I'm here because I have debt.  Not a big shocker, I'm sure!  I basically went into debt when I was around the age of 26 (I'm 34 now) because I wanted to go back to school.  It has been an incredibly challenging road, from me not knowing what I wanted to do with my life, to not being employed for months on end, to difficult and frustrating job searches, to finally finding employment.  

At any rate, I had a plan set out to tackle my debt starting in the New Year.  I've been working for a little over a month, and while I wanted to jump right in and start clearing up some debt, I had a bunch of things that my pay had to go to first.  I was living off practically nothing, so I needed to pay off some bills and get my feet underneath me.

I still feel so far behind, and I can't even imagine a light at the end of the tunnel.  I roughly calculated how I could start paying back my debt.  To be honest, I felt so deflated to see that even if I was super aggressive with making payments to lower my current debts, I'd still be so far behind in a year.  I have a line of credit, a student loan, and a credit card.  All of them together total about 70K in debt. 

I don`t want to chop up my credit card, because there have been times when I`ve needed to use it in the past.  I did that with my last one, and was really good at not charging anything to it until I found myself in a pickle one day.  I know that if I still keep my credit card but leave it stashed away at home I won`t use it at all.  I don`t have a problem with impulse purchases, thankfully.

I guess I`m going to try to plan out my debt reduction goal again, and see where I stand.  It just seems so overwhelming, and I really have nothing to show for it but a piece of paper in a frame, hanging on the wall.

Looking forward to meeting everyone!



iVillage Member
Registered: 05-09-2002
In reply to: hotsnowshoe
Thu, 12-27-2012 - 10:06am
PS - I am back on here because I also owe on credit cards and I am trying to build my e-fund back up. Our mortgage and my student loan I am ok with, my credit card debt I am NOT.