Hi everyone

Visitor (not verified)
anonymous user
Registered: 12-31-1969
Hi everyone
3
Wed, 09-05-2012 - 5:04pm

Hi everyone,

 

I'm new to the board.  After struggling with debt for a few years now, I am really determined to make a change.  I am sick of living paycheck to paycheck and dealing with anxiety over money all the time.  I finally sat down and mapped out a budget and calculated all of my debt, which is currently at around 12k (with the biggest items being credit card and car).  My goals are to be able to stick to a realistic budget, establish an emergency fund, and to pay off my debt by Dec 31, 2014.  I am trying not to get overwhelmed, and hoping that this board will be a good place for accountability and support :smileyhappy:

iVillage Member
Registered: 12-31-2010
Mon, 09-10-2012 - 7:56pm
I was a teacher for extra income, but the sky is the limit as far as extra jobs. You can clean homes, babysit, take on a holiday retail job, weekend waitressing, you name it you can find it - just depends on your skills, your area and your determination.

Before going and putting everything on debt repayment I would totally suggest a couple things that flow along with Kassie's awesome post:
1. Put a line item in the budget to start saving an emergency fund. Work actively to get that to at least $500 first, so you have money for your car deductible, or any emergency that you would go to a credit card for.
2. Put in a line item for non-monthly expenses, even $25 a month to start, then as you pay off something, add a bit of that to this fund to help you get those non-montlhy expenses paid from a pool.
3. Be sure the holidays are in your budget. They come every year and most people get off track at that time of year.
4. Keep posting here, and don't let ups and downs derail you. The begining of this process is the hardest because you were used to living on your income PLUS income from credit. Now you are going to live on your income, NO credit and actively use income to pay off debt. It gets better every month that goes by, really. The worst is the starting months, so just plan and reward yourself when you do well.

Huggs and welcome,

Marie
#Marie
iVillage Member
Registered: 10-01-2008
In reply to:
Thu, 09-13-2012 - 1:11pm

Hi and welcome.  You get a lot of different ideas and opinions here on how to deal with debt.  Sort of like weight watchers you come back weekly and be accountable for what sins you committed last week :smileyhappy: 

Sounds like you have a good solid plan and you're ready to stick to it.  Please stick around and let us know if you need any advise or shoulders to lean on.   GOOD LUCK!

 

Norma


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