$17,516 down, $56,984 to go
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|Fri, 12-02-2011 - 8:48pm|
Just a canadian gal lookng for some support as I work on getting my family in a more financially stable place.
I'm very fortunate to be married to a man who is on board with our debt repayment plan. The problem is that we lack discipline at times and could be much further ahead in our debt repayment journey. I'm hoping that by joining this group, it will give me the extra level of accountability needed to be more focused on our goals. That goal is to be debt free within the next 3 years, which will put me at 36 years old.
We have a wonderful 6 year old daughter and another of my goals is to teach her to be financially fit. I don't want her repeating our mistakes.
At our highest, we were $74,500 in debt (consumer debt/student loans). Two years later, we've paid down $17,516. And while I am happy that we've made progress, I can't imagine another 6 years of this - which is what it would take at this rate.
Part of why we got in such a deep mess is that my husband has been dealing with medical issues for close to 5 years and hasn't been able to work. Without an emergency fund, we racked up quite a bit of debt in those first few years.