Action that I will take about my debt...
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|Thu, 06-26-2003 - 11:56am|
I wrote here a few weeks ago about my family debt issues. Well we finally have some concrete plans and I'm excited about it. We are going to wait till Baby #2 is born in February then list the house for sale (we own way to much house for our money!). We will then look into purchasing a smaller home or townhouse in the Vegas/Henderson areas of Nevada (we live near Philadelphia now...Wooo it's expensive!) We have a good chunck of equity in the house so we should be able to buy a house in cash in Vegas so we will have little or no mortgage. My husband will return to school to become a dentist and work part time while the first year and a half I will become a dental hygienist. By the time I become a dental hygienist my husband will start at dental school (he has some credits he needs before he enters so it gives us a little over a year before his life gets crazy)
Now for our credit card debt we are now working on a home equity line of credit which will be at 3.4% till December. My husband who is self employed just got 2 more accounts so all the extra money will go into paying off the debt before we sell the house (we have about $30,000 in debt to pay)
I have been keeping the lights off, not driving as much, buying food as cheap as I can, using coupons, not using my credit cards or my mac card, and have done a complete overhall on my spending.
I was so excited to see my electric bill go from close to 300 a month to $160 this month! My water bill went from being near 200 every 3 months to being $75! I only spend 100 per week and that encludes everything like food etc. Now with a small child that's amazing! LOL! I've been buying less meet and trying to get creative with beans, veggies, and pastas since they are cheaper.
It's tough but I'm doing it. I am determined for my husband and I to succeed! And I want my BENZ damit!
OK, I'm done have a great day everyone and peace be with you all.