Hello, new to this board, unfortunately not to debt!
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|Mon, 01-28-2013 - 12:44am|
I am very excited to finally post on this board and introduce myself. I have tried few other times, but IVillage was having some issues with keeping me signed in. A little background on me. I am a 29, engaged, full-time student, who until this week has been working full-time as well, going part time starting this week (3 days a week, as I am taking 5 classes at the moment). My finace and I have been engaged for 9 months now, and our wedding will be in Mexico in October 2014!!!
Even though I am a student, I do not have student loans. I pay for my own school, but unfortunately the money usually comes from either my chequing account which delays my debt repayment, or from my LOC. My finace and I have already saved $20,000.00 for the wedding and I refuse to spend a cent more. Considering it is a destination wedding, it should be plenty of money. I am hoping that we will come in under that amount and can put the leftover money (if any is available, here's hoping :)). My fiance makes good money, and I was making ok money as I am still a student in my field. He is the type that pays for everything in cash and is very good at saving, but he does like to play sports and is a big vine enthusiast, so a lot of his fun money goes into that, which is not a problem as he is good with his money, no debts and good savings.
I on the other hand don't shop in the malls, (I might go twice a year if I really "need" something). My big weakness is eating out. Even though 95% of the time I bring lunch to work, I have a hard time resisting going with my co-workers, mostly for the social aspect of it. Some months I have spent over $800 in restaurants alone, and I am very bad at charging it on my credit card thinking I will pay it later. This all has really caught up with me and now I find myself with $17190.00 in debt. I do have decent retirement savings, but I really, really want to get rid of my debt so that I can put more money into savings, and hopefully buy a condo with my fiance in about 3 years' time. We will see how that goes as the average price in the city we live in for a single family home is $472,000.00 (We live in Canada).
Anyway I will stop rambling on as I will post often and update you guys with my progress, frustrations, etc... and in turn give advice to you all as much as I can :)!
Can someone please explain to me how this snowflake system works?