What was your "rock bottom" moment?
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What was your "rock bottom" moment?
| Fri, 09-30-2005 - 7:22pm |
Hi, everyone, it's me again. I just have one more question.
I'm new to the board, but have found you because my debt has gotten completely out of control and taken over my life. How do I know this? Because last week when I went grocery shopping with my daughter, she announced that she needed a new toothbrush, and I told her it would have to wait until I got our next deposit from social security. That's when I realized the absurdity of my situation. I'm paying $125/month for her braces, but I couldn't afford a $3 toothbrush. That's when I said "I've had it!" How about you?
Karen

When we couldn't pay off the balance on a CC. It was a couple more months before I really sat down and got everything laid out but that's when I knew we were in trouble. I knew we'd been doing some shuffling but I didn't realize DH had a card he hadn't paid all of it off and things were confused by his business reimbursement's, etc. Here's our story in a nutshell-Spring 2002 we finished our graduate school coursework and DH was offered a job. It was in the same town we had lived in previously and where his parents lived so we started looking for a house since we knew neighborhoods and such. Over the next 9 months we doubled how much we spent for housing, went 4 months without paychecks (jobs hadn't started yet-DH did work summer camps and basically wound up commuting 4 hours every week so made very little), took our annual vacation because we were in serious denial, found out I was pregnant, found out I had gestational diabetes, remodeled a bedroom.....I have no clue what we did that was right financially....
Thank goodness we were used to frugality and when we came out of our insanity quickly took steps to amend the situation. It will take us about 3 years to get out of debt now if things go well. The one part that I don't think I'm sad about because DH spent a lot of time stressing over numbers is instead of borrowing all the money for our home and paying PMI for years we took out a 2nd mortgage and student loans to make the 20% downpayment. But it does up how much you pay overall each month.
Taleyna
My rock-bottom moment was when my debt (and the secrecy I had kept, especially from my husband) was causing health troubles. I had been diagnosed with high blood pressure, and my weight had reached 300lbs. When I finally told my husband everything, my blood pressure went back to normal, and the weight started to come off. That was rock bottom for me.
Pat
Hello,
Rock bottom for me
Sincerely,
Lindsey Schocke
Geeks on Tap: Mission Accomplished
All my best,
Danni