Well, I'm here because I have debt. Not a big shocker, I'm sure! I basically went into debt when I was around the age of 26 (I'm 34 now) because I wanted to go back to school. It has been an incredibly challenging road, from me not knowing what I wanted to do with my life, to not being employed for months on end, to difficult and frustrating job searches, to finally finding employment.
At any rate, I had a plan set out to tackle my debt starting in the New Year. I've been working for a little over a month, and while I wanted to jump right in and start clearing up some debt, I had a bunch of things that my pay had to go to first. I was living off practically nothing, so I needed to pay off some bills and get my feet underneath me.
I still feel so far behind, and I can't even imagine a light at the end of the tunnel. I roughly calculated how I could start paying back my debt. To be honest, I felt so deflated to see that even if I was super aggressive with making payments to lower my current debts, I'd still be so far behind in a year. I have a line of credit, a student loan, and a credit card. All of them together total about 70K in debt.
I don`t want to chop up my credit card, because there have been times when I`ve needed to use it in the past. I did that with my last one, and was really good at not charging anything to it until I found myself in a pickle one day. I know that if I still keep my credit card but leave it stashed away at home I won`t use it at all. I don`t have a problem with impulse purchases, thankfully.
I guess I`m going to try to plan out my debt reduction goal again, and see where I stand. It just seems so overwhelming, and I really have nothing to show for it but a piece of paper in a frame, hanging on the wall.
Looking forward to meeting everyone!