Hello - Starting a tight budget

iVillage Member
Registered: 02-11-2008
Hello - Starting a tight budget
Mon, 03-05-2012 - 5:56am

Hi! I'm Amy from Ohio. I've been married for 19.5 years. DH and I have a 19 year old daughter and a 16 year old son. We also have a 10.5 year old Pomeranian.

DH drives truck locally, so his hours range. He also scraps metal and mows a few lawns for extra money. I work full time at a pool and spa store and I'm also a part time real estate agent.

DH and I have decided to seriously buckle down and go on a tight budget to pay off debt. We don't have much debt, never really have. We have a credit card with just over $1400 (was used for Real Estate School) and we have a car payment with a balance of $14,000. Our goal is to snowball it all! The credit card will be paid off this month.

Anyway, just wanted to introduce myself a little. I'm looking forward to meeting everyone.



iVillage Member
Registered: 08-24-2007
Mon, 03-05-2012 - 11:20am
Hi heyaim and welcome to the boards!

First off, congratulations for not racking-up that credit card. $1400 is not too bad a balance. Was your plan to tackle the credit card before the car loan? Is that the snowball you had planned?

I'm not sure if you've done any calculations on how long it will take you, but there are a number of on-line calculators that can help. Here's the one I use:


Good luck!


empty purse

Avatar for poorboy2011
iVillage Member
Registered: 10-02-2011
Mon, 03-05-2012 - 11:35am

You will be able to pay off the credit card at the end of this month? Great progress! That leaves you with the car loan. It sounds like you should be in good shape, unless the income/expenditures ratio is not very favorable...

Welcome to DSG!

iVillage Member
Registered: 10-01-2008
Mon, 03-05-2012 - 2:37pm

Hi & Welcome,


"Patience is the best remedy for every trouble"- Plautus

Community Leader
Registered: 08-25-2006
Mon, 03-05-2012 - 2:51pm
Welcome! Look forward to you participating in our discussions.

iVillage Member
Registered: 02-11-2008
Mon, 03-05-2012 - 7:20pm
Thanks everyone!!! Income tax is helping pay the cc off!! I've never been big on loans/debt...but this economy is really making me nervous. DH and I decided it would be a wise choice to tighten our belt and work on paying everything off. I'm pretty excited about it! :)



iVillage Member
Registered: 12-18-2003
Sun, 03-11-2012 - 2:00pm
I think it is awesome that you guys have decided to tackle your debt before it grows any bigger. Had I done that, I wouldn't even be in this forum anymore because my debt, with all the progress I've done, is at least 10 times bigger than yours.