Paid off 3 little CC, still overwhelmed
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Paid off 3 little CC, still overwhelmed
| Sat, 02-26-2005 - 1:35pm |
HI
We got our refund back. I've paid off QVC, Macy's and Tiger Direct. I'm happy about those but they are easy to pay off, so I still have the big ones looming over me.
We have 32,000 in debt--lowe's, home depot,3 major cards, a car and braces. Our car needs
some repairs. I still have some money to put towards something, I just don't know where it should go.
How can I get more motivated and get DH with to get this stuff paid off. We have no savings, nothing for emergencies. I've read Dave Ramsey's book. I get all gung ho, then overwhelmed, then back to being unmotivated.
Any ideas would be greatly appreciated.
Dana

Hey, that's awesome that you got three cards off your back! You should be doing happy dances in the streets! lol
Anyway - my suggestion (although I'm not exactly in a terrific spot re:debt anyway!) would be to do that Dave Ramsey baby step that gets $1000 into savings ASAP. I tell you, it feels weird to be putting that money into a 1% or less savings account, but it also felt really good when we realized we had to get a new water heater...and we didn't have to put it on the cc, because we could pay cash. If I have to get emergencies on the cc, I automatically figure, "well, if we have to put the $800 for the water heater on there, I might as well put this and this on, too - it won't make any difference."
I know, stupid. But I get really overwhelmed when I think of our debt, too. And I need periodic reminders that we aren't perfect, but can work on stuff a little bit at a time. Plus, having people around who have been there (or are there) really help me focus some.
So maybe - the emergency $1000 first? Then, perhaps, do another happy dance for the fund, and then get back on track with the debt.
Good luck!