Kate - Introducing myself . . .
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|Wed, 01-06-2010 - 9:44am|
I am 32, married for 6 years with a 2 year old and another baby due in March. I have been in debt in since someone foolishly gave me a credit card my freshman year of college. I have also been trying to get out of debt as long. Last summer after we found out we were pregnant with #2, we got serious about calculating our net worth and working our way out of this hole.
At that point our stats were:
Credit Cards - $29,322.44
Car Loans - $5,465.34
Student Loans - $45,211.21
Mortgage - $149,626.99
We actually make a decent amount of money but have never made headway in our debt because we never stopped using our cards and would justify any purchase under the sun if we really wanted it.
For the past 6 months, we have not used our credit cards at all and have paid down about 12% of the total. We have been doing well, but I really need the support of a group as this next year will be challenging and I can't discuss any of this stuff with my family. I will be taking a 3 month unpaid maternity leave and I am the primary wage earner in the household.
Thanks for listening and I will update my stats and tickers tomorrow.
Cheers - Kate