Please tell me this will work
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Please tell me this will work
| Tue, 10-26-2004 - 6:24pm |
I lurk this board sometimes and have posted in the past but I could sure use a pep talk because this feels like it will never work.
We have about 26,000 in cc debt -- mostly from moving money around to pay for house addition finished earlier this year. We also have one car paid for and one car (my much hated minivan) with a car loan of just under $10,000. We have a huge second mortgage on the house (interest only) for the addition and about $2,000 in a personal line of credit. Lots of other money goes to daycare/and after school program. We are not in real dire straits but definitely outside my comfort zone. I have mostly given up credit cards but it seems like something always comes up, like a trip last week to help my father into an assisted living facility. And, of course, Christmas and two kid birthdays are looming.
We have about 26,000 in cc debt -- mostly from moving money around to pay for house addition finished earlier this year. We also have one car paid for and one car (my much hated minivan) with a car loan of just under $10,000. We have a huge second mortgage on the house (interest only) for the addition and about $2,000 in a personal line of credit. Lots of other money goes to daycare/and after school program. We are not in real dire straits but definitely outside my comfort zone. I have mostly given up credit cards but it seems like something always comes up, like a trip last week to help my father into an assisted living facility. And, of course, Christmas and two kid birthdays are looming.
I did the Quicken program and it seemed great about getting rid of the little stuff. Two months or so and I can wipe out a bunch. But then there are two really big balances, one 8K and one 13K, and I feel it will take FOREVER. I know I shouldn't be whining. This is my fault. I watch home improvement programs and want our house to be perfect and would love a new car, etc. etc.
I sometimes think about selling our house which is now worth a lot and buying something cheaper to take the pressure off. What I want most in life is to adopt a child (I have three bio) but I know better than to even bring it up to my husband when he could say we can't afford it and he'd be right. Sorry, just venting a little. OK. A lot.

Hi there and thanks so much for posting.
All my best,
Danni
I guess it was a good exercise for me, to look for an "easy" way out and then realize when really looking at the big picture that quick fixes can sometimes cost more or not be smart in the long run. Unfortunately I think I have to just keep plugging away on my debt and be a grown-up.
Jenny