Tired of being in debt!

iVillage Member
Registered: 04-24-2012
Tired of being in debt!
Tue, 04-24-2012 - 3:30pm

Hello everyone:)

iVillage Member
Registered: 12-31-2010
Tue, 04-24-2012 - 4:25pm
Welcome, Kelly's mom!

We are all tired of being in debt - it has been 4 years so far for me, last I checked $115k paid off but I am sure it is more by now. I have 2 kids in college so it has definitely slowed the pace a bit. Like your job losses, everyone has had a punch in the gut in one way or another around here.

The emergency fund is what turned it all around for us. We never charge and add to a balance because we are in a pickle, we just go to our emergency fund and finance ourselves, or we don't buy it.

Ahh boats, a big hole in the water you keep putting money into - we have 7 watercraft ourselves, all older, but still going.

Now about that boat, be sure your husband really wants to sell it too and he is on board with you on that one. Many times men won't say it, but they feel they are slaving away and get nothing out of the deal, and privately stew about it. I always let my DH have spending money and buy the stuff for his hobbies he desires as it keeps him motivated.
But it is a good time to sell a boat, being spring and all, just be sure you get the most out of it, and do consider what it might cost you to replace it if you ever do want to boat again.
The debt journey has made us a closer couple, and we are totally on the same page now.

Welcome and be sure to join us in the bottom section as we post weekly successes!

iVillage Member
Registered: 04-24-2012
Tue, 04-24-2012 - 7:57pm


iVillage Member
Registered: 03-15-2012
Tue, 04-24-2012 - 8:03pm


iVillage Member
Registered: 04-24-2012
Wed, 04-25-2012 - 7:46am

Thanks Sandra:)

Avatar for mahopac
iVillage Member
Registered: 07-24-1997
Wed, 04-25-2012 - 5:34pm
momof2kelly wrote:

I find it kind of refreshing to live a more frugal lifestyle than we used to.

There are definitely advantages to not having money. . . it cuts down on a lot of the time you spend managing stuff and spending money. I have an enormous to-do list this week, and every single item on it has to do with managing or spending money.

iVillage Member
Registered: 11-14-2008
Thu, 04-26-2012 - 11:45am


It sounds like you are on the right track. Have you made a budget with expenses divided by 12 (months) that don't happen every month but you are still putting money aside to pay the expense. Those are called sinking funds, kind of like a planned spending plan and has been really helpful for all of us here.

iVillage Member
Registered: 04-24-2012
Thu, 04-26-2012 - 2:03pm