A Newbie Taking Baby Steps

iVillage Member
Registered: 04-09-2003
A Newbie Taking Baby Steps
Thu, 04-17-2003 - 11:41am
I've been lurking here for a couple of weeks, as I was sorting out my life and disasterous finances. I managed to ring up a HUGE amount of credit card debt when I was young and stupid, but I was still able to get a home loan and a car loan because I always paid on time, but only the minimums, so I was getting nowhere.

Then this man wandered into my life, and he was stunned when he found out how in debt I was. It was when he said that he was 90% sure we wouldn't break up over it that I realized just how out-of-control my situation was. That meant that there was a 10% chance I could lose him, and I did NOT want that to happen.

So I ran up all my numbers and put myself on a very strict budget. It's only been a couple of weeks, but I just paid bills today, and for the first time in AGES, it wasn't stressful. I have money (a little, but it's there) in savings, and I was able to pay extra on my car insurance and save some service fees.

The best part is the urge to go shopping and just blow a ton of money on crap is mostly gone, at least so far. I know it's early, and I'm going to be careful not to backslide.

The funny thing is, I started out doing it for him, or for us, really, but it made me feel so good--it was a bigger high than I ever got out of shopping!!!

I hope it doesn't seem like I'm bragging, I'm just finally feeling good about the situation for the first time in ever and I know that encouragement and support is what all of us need. I'm really glad I found this place!!

Thanks for "listening"


Avatar for zaboz
iVillage Member
Registered: 03-26-2003
Thu, 04-17-2003 - 12:01pm
It sounds like you're doing great Teresa. And it's ok if it took him to spur you on.

Sometimes outside encouragement gets the ball rolling. But either way, it will make your life better.

I know how it feels to want to go spend wads of money. That urge still hits me every now and then. Try to let yourself have a few treats so you don't feel deprived. But make your money count too. Is it something that will make your life better? Or is it just

something that you feel like you have to have at that moment?

Congratulations! You should be so proud that you've started to turn things around.

Now you just have to keep on soldiering! You can do it!

iVillage Member
Registered: 04-09-2003
Thu, 04-17-2003 - 1:07pm
The best part is that he's really supportive rather than demanding. I think if he had made it an order, it would have been problems. But he says he's not my father, he's not going to checking my bank statements or anything like that--as long as he knows I'm trying.

I think it did take having him to make me change, but that's a good thing!

Avatar for aracasila
iVillage Member
Registered: 03-26-2003
Thu, 04-17-2003 - 1:12pm
Good for you Teresa! You're definitely headed in the right direction! I'm so happy for you and I hope to be in your shoes someday soon, lol! Good luck on getting rid of your debt!

iVillage Member
Registered: 03-26-2003
Thu, 04-17-2003 - 1:23pm
Wow! That's great! It's wonderful that he supports you too! I remember the first month I tried my new budget. It was a weird feeling to pay the bills and not worry about which one would have to be late because everything was budgeted. The feeling only gets better, because next month you will not only have all you bills paid on time, you may even have a little money left over... and it builds... because you're not spending it as soon as it hits your wallet. It's a great feeling. An even better one is when you can see the numbers dropping in you balances. I make a note every time I see the 5 turn to a 4... then to a 3. It's progress baby! Even if it's slow at first... it's still progress. Congratulations!



Avatar for mrslove2000
iVillage Member
Registered: 03-26-2003
Thu, 04-17-2003 - 3:26pm
That is awesome! I don't think it matters what motivates you as long as you make changes in your life to improve your financial self! Congrats!



Avatar for beckymk
iVillage Member
Registered: 03-23-1998
Thu, 04-17-2003 - 3:30pm
It's all about the baby steps!!! Good for you!!!


Becky - Mom to Carolyn (17), Aaron (15), Kyle (11) & Luke (8)
Send a free greeting card on me!!
Avatar for mymartes
iVillage Member
Registered: 03-26-2003
Fri, 04-18-2003 - 1:12pm
Good for u. Every little step counts. Pat yourself on the back.