Update on debt

iVillage Member
Registered: 10-06-2003
Update on debt
4
Mon, 01-03-2005 - 3:08pm

I posted here a while back and received great support and for that a big THANK YOU! I'm proud to report the following:

Beginning 2003: $21k in debt, owed $1500 in cash advances and was almost homeless
Mid 2003: $12k in debt, sold the car, paid off the cash advances, still living paycheck to paycheck.
Today: $5200 in debt!

With the help (emotional) of my boyfriend, and his allowance of living rent free and paying only utilities, and my father offering to pay off my 25% interest Sears card with a balance of $2500, I have cut my debt by 75%! The past six months have been STRICT, and if I continue on with my current plan of writing everything down, and living bare bones, I will be debt free by April 1!

This is one of the happiest moments of my life, and I wanted to share it with the wonderful community who picked me up when I saw no light at the end of the tunnel. :)

Avatar for mymartes
iVillage Member
Registered: 03-26-2003
Mon, 01-03-2005 - 3:32pm

Welcome again and congrats.

MYM

iVillage Member
Registered: 12-05-2004
Mon, 01-03-2005 - 6:52pm


CONGRATS!! Wow, that's amazing! It sounds like you have a great support system in your boyfriend and father.

When your debt is finally paid off, be sure to keep doing what you're doing now so that you can build up a nice emergency fund and prevent yourself from ever going back into debt.

Happy 2005 to you!

Pat

iVillage Member
Registered: 03-27-2003
Mon, 01-03-2005 - 8:01pm

WOW!!!! good for you! I love success stories!!!!!

Kiki

Running Woman
Avatar for sohappilyme
iVillage Member
Registered: 03-26-2003
Mon, 01-03-2005 - 8:08pm
Congratulations!
Sarah