Half our Income! Oh dear!

iVillage Member
Registered: 08-04-2004
Half our Income! Oh dear!
2
Tue, 11-09-2004 - 11:21pm

Hello, I am new here and just posted my introduction down in the newbie folder!


I just re-worked our family budget and realized we are making debt payments (credit card, medical, and car loans) that equal almost HALF of our monthly income! Eye opening!


Am I the only one? :(


Avatar for cl_phocid
iVillage Member
Registered: 03-26-2003
Wed, 11-10-2004 - 6:01am

Hello Angie and welcome to the DSG.

All my best,
Danni

iVillage Member
Registered: 08-06-2003
Wed, 11-10-2004 - 3:22pm
Nah, you're not alone. DH and I are in pretty much the same boat. We pay nearly 1k/month in credit card debt alone. And that's b/c we've joined CCCS - before that, the minimums were only slightly more than we were bringing in after rent was paid. LOL.

We've been doing CCCS for a year, and have managed to pay off one card already; we have 12 more to go, and the next one down should be a Capital One next May. :o)

And, hey, writing it all down is the first step to getting things taken care of! Good Luck!

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