Update (kinda grim...)

iVillage Member
Registered: 10-17-2010
Update (kinda grim...)
7
Fri, 04-27-2012 - 7:31pm

I'll preface this with saying I feel like a liar.

Community Leader
Registered: 08-25-2006
Fri, 04-27-2012 - 7:48pm

That is why I don't add mine up.

Serenity
iVillage Member
Registered: 10-17-2010
Fri, 04-27-2012 - 7:58pm

That is a good idea... If I take the cars out of the total it reduces by $43,000.

iVillage Member
Registered: 07-27-2009
Fri, 04-27-2012 - 8:09pm

Its funny how people's minds work differently. I had to total EVERYTHING before I was really motivated to make a change. If it helps you, just break it up into smaller goal items. Sounds like your DH isn't exactly on the same page as you, though. Have you talked with him about how you feel about your debts (I will look back at your pp, because I don't remember specifics)?

JenAaron.jpg picture by jen2075


iVillage Member
Registered: 08-24-2007
Sat, 04-28-2012 - 8:00am
I agree with Serenity that, since it includes student loans, it might not be too bad. If it helps, maybe put the student loans in a seperate category?

I'm like Jen - I had to add up all my debt and see how bad it really was before I tackled the problem.

Yep, just keep swimming. Make sure you don't start treading water, you want to keep moving forward with lowering that debt!

Kate


empty purse

iVillage Member
Registered: 10-17-2010
Sat, 04-28-2012 - 1:36pm

The credit cards are the motivational kicker here... The amount of credit card debt is equal to half DH's yearly income.

iVillage Member
Registered: 05-08-2006
Sat, 04-28-2012 - 3:06pm
There is nothing wrong with wanting the latest technology but if you are replacing things before you pay for them, it starts to be a problem. Would it help your DH to think about the credit card bills if he thought of them as related to paying for what he bought instead of just a lump sum of money? Like you know which car each of your car loans is for. You hope you are still driving the car after the loans are paid off. If you must charge things like groceries or gas, can you isolate those to a card that you pay off each month? Then think about what big ticket items you bought...computer, iPhone, etc and assign a name like that to the balances on your cards? And maybe your husband should only carry one card, with an available balance that matches what you agree you can afford to spend. And if you cannot think of things that you bought with your card but it is stuff like meals you are charging, vow not to eat out again until ou have paid of x number of dollars? I would also have him sit down with you and call each card company and ask them to lower your interest rate. Which ever one of you is the best persuader can make the call, and the other can be moral support, or you can make it a contest and see who can be the most persuasive. One of my favorite sayings is 'the first thing to do when you are in a hole is stop digging'. If you are still using credit cards when you have a credit card debt problem, you need to really focus on not using the cards or you are shoveling against the time. I think it also really helps to add 20% to the price of anything you are putting on a credit card and ask yourself why you want to pay someone that money when by saving up for things, you can keep that money for yourself. Best wishes SJ
Avatar for mahopac
iVillage Member
Registered: 07-24-1997
Sat, 04-28-2012 - 3:47pm

Sounds like your DH needs at least a short-term attitude adjustment.