Introduction

iVillage Member
Registered: 01-16-2014
Introduction
13
Thu, 01-16-2014 - 8:40pm

Hello everyone!

I am a man.  I hope that is OK. I was searching around on the internet for debt support groups and found ivillage.  It appears that the site is mainly for women, so I hope this is OK.  I honestly am concerned about that Men are from Mars and Women are from Venus thing.  You know, how men like to fix things and women usually just want to be listend to.  I promise I will be mindful of just listening, and if someone needs some fixing, perhaps I can help in that area too.

I am in debt $76,436.66 and I have a plan to pay it off in 29 months.  It will take a $2,000 per month payment in addition to making my minimum payments.  It is partly student loan debt, part home improvment debt and part consumer debt.  But, it is all debt.  I'm no so sure any of it is justifiable.

This debt reduction is a large task for me and I really just need some extra support.  I want a place I can go to learn, hopefully help others, and become more accountable for hitting my goals.  It took years to build up the debt and I know it is going to take hard work to get out of it.

Thanks for reading & I am hoping that this turns in to something good!

Chad

 

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iVillage Member
Registered: 04-10-2003
Thu, 01-16-2014 - 8:57pm
Welcome to the board. We welcome everyone and there are a few men who post! It sounds like you have an aggressive plan to pay off this debt! Good for you! I just finished paying off the last of my debt in December and it took me almost 6 years to do it! But being debt free is so worth it. I am finally able to travel and do things that I've put on hold! We do a weekly check in to keep each other accountable. It helps to keep you on track. We all have ups and downs and this a great place to share wins and vent when needed. Post often!!!

Bex -

Community Leader
Registered: 07-26-1999
Fri, 01-17-2014 - 12:49pm
Welcome to the board! We have a few men that post here and there, we are an equal opportunity board! LOL! It sounds like you have a good plan in place, stick around and feel free to comment, learn, etc. we love new members!
Photobucket
iVillage Member
Registered: 10-06-2006
Sat, 01-18-2014 - 4:00pm

You are already well on your way to being debt free.  You've already done all the hard work.

1.  You have a plan.

2.  You have totaled up exactly what you owe.

3.  You have determined what it will take to pay it off and how long it will take at the pace you have chosen.

4.  You are not making excuses for your debt; you acknowledge it.

5.  You are not whining and complaining that it's not fair that you have to pay back what you owe or trying to find someone else to blame for your debt or some way to get out of paying it. 

The 29 months will pass more quickly than you expect.  Seeing the total drop will become a real source of pleasure and will probably help keep you on track with your plan. 

Looking forward to hearing about your progress. 

iVillage Member
Registered: 01-16-2014
Sat, 01-18-2014 - 11:03pm
Thank you. I wasn't celebrating at the accomplishments you mentioned above. Now I will. Thanks for pointing them out.
iVillage Member
Registered: 01-16-2014
Sat, 01-18-2014 - 11:04pm
Thank you. I wasn't celebrating at the accomplishments you mentioned above. Now I will. Thanks for pointing them out.
iVillage Member
Registered: 01-16-2014
Sat, 01-18-2014 - 11:04pm
Thank you. I wasn't celebrating at the accomplishments you mentioned above. Now I will. Thanks for pointing them out.
iVillage Member
Registered: 01-16-2014
Sat, 01-18-2014 - 11:05pm
thanks for the welcome
iVillage Member
Registered: 01-16-2014
Sat, 01-18-2014 - 11:08pm
Wow! 6 years is quite a battle. You must feel great! Thanks for your comments.
iVillage Member
Registered: 11-14-2008
Sat, 01-18-2014 - 11:13pm

Hello,

Of course we welc ome men.

Do you have a budget? It is recommened that you have an emergency fund so if something happens you don't get further into debt? $1000 is good to have for this fund. It has saved me a couple times. I know it is hard to break from paying off debt to save it up but wow does it make sense. You will see.

Ask about sinking funds if you are interested and I will explain their purpose and you can decided if it would be a useful tool for you.

Good luck on your journey. 

K

Avatar for poorboy2011
iVillage Member
Registered: 10-02-2011
Sun, 01-19-2014 - 10:23pm
You won't be the only man around. There's me and Duke. Regrettably, debt knows no boundaries of gender. This used to be a happening forum, but the web software "update" really messed things up. I still have trouble logging in.

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