29 yrs old & $41,000 in debt

iVillage Member
Registered: 05-14-2008
29 yrs old & $41,000 in debt
6
Wed, 05-14-2008 - 5:57pm

Sending good vibes,

Noelle

Hope is a thing with wings. - Emily Di

iVillage Member
Registered: 05-11-2008
Wed, 05-14-2008 - 10:27pm

Noelle,


I hear you.

Shane

http://engineeradebtfreelife.blogspot.com/

This is my debt free/frugal/freebie blog. Yay!

iVillage Member
Registered: 04-10-2003
Fri, 05-16-2008 - 9:36am

Hi and welcome! I just wanted to pop in and give you a cyber hug! I am 26 (soon to be 27 :) ) and I am in debt as well. The good news is that you are young, and its better to learn this lesson now rather then later.


Does your husband know the extent of the debt? Did he when you were married? I understand how you want to keep him out of this and take care of your responsibilities (which by the way I am in TOTAL agreement with) but having you worry yourself sick over it helps no one. This becomes especially important if you want to start a family! Children can sense anxiety and it impacts their little lives.


My $0.02. Have him co-sign the loan. If you are already making higher payments now, then you should have no problem making lower payments in the future. This won't impact him unless you stop making payments.


Are you living on a budget or a spending plan? I found that this was in fact the most annoying yet liberating thing I ever did. And don't kid yourself, it takes MONTHS to get the plan working for you, and sometimes even then we slip up. They key is baby steps. Once you have figured out where your money is going, you can make an honest effort to save a little here and there to send towards debt.


Is there anything you can sell to pay off these debts? Tis the season for garage sales. This will have two benefits. First, you will clean out your home and purge clutter (which often has a calming effect). Second you can throw all money made toward the debt and lower payments.


Regardless of what you decide, I wish you the best of luck!


Bex

Bex -


"Yesterday is history, tomorrow is a mystery, today is a gift -thats why its called the present."




Bex -

iVillage Member
Registered: 03-24-2008
Fri, 05-16-2008 - 2:29pm

I'm sorry to hear that you are having financial problems.

It's okay to jump...you have wings! 

To move forward...you have to stop looking back.

iVillage Member
Registered: 07-06-2003
Sat, 05-17-2008 - 3:56pm
Reported as spam.

Kassandra


"It is said that life has its peaks and valleys.

Kassandra

"It is said that life has its peaks and valleys.  The challenge is to accept them equally and experience them

iVillage Member
Registered: 05-09-2002
Thu, 05-22-2008 - 9:57am

Hi there!

Daisypath Anniversary tickers
iVillage Member
Registered: 05-28-2008
Wed, 05-28-2008 - 12:58pm

Noelle,


Let me just say that I've been where you are even to the point of not wanting to bring my dh down with me.


My question to you is really simple: do you have a WELL PAYING job?...something that