Getting out of debt is hard, too bad there’s not an easy button or a restart button that we could all push and instantly be debt free. I’m choosing to get out of debt the old fashioned way, paying off the debt. I have consolidated some of my credit cards and taken advantage of low interest transfer balance offers. At one time I considered looking into a Debt Consolidation Loan but chickened out because I was (am) too ashamed to talk to anyone about our extreme debt.
I’ve noticed since September 2008, several of the debt blogs I follow have shut down. I wonder if these people shut down their blogs because they fell off the debt wagon or maybe people they know in real life discovered their blogs and their debt, or maybe the blog was shut down do to spousal pressure? I don’t know. This morning I read a statistic that stated only 10-12% of the people that attempt to become debt free actually do become debt free. These aren’t very good numbers.
I’m not sure if you can tell or not but I”m sick of all this debt talk myself. I’m completely sick of it. I’m tired of dealing with the credit card bills, auto payments, and all the other bills that roll in every month. I feel like its a never ending battle to get everything paid and paid on time. Ugh, I’m fed up! Okay that little rant felt good.
At this point I have no option but to become debt free, I can’t go on like this, dreading seeing my debt total here on my blog but on the flip side, I think seeing my debt balance helps kept my spending in check. I know, on paper, I’ve made HUGE progress paying down our debt in the past year but it feels like I’m making slow progress, I just want all the debt paid off already.
On a more positive note: My husband (he’s a consultant) obtained his own liability insurance for less than $800 a year. Now that he’ll be working on his own insurance he’ll be making an extra $100 a day on the days he works. He’s working 10 days on and then 10 days off, so this extra money is really going to make a difference and the insurance is going to pay for itself on his first hitch.
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{ 12 comments… read them below or add one }
I’m with you and I understand the feeling. Our debt levels are similar. I had no sooner set up my blog a few days ago than I started thinking, “Who am I fooling? I can dress it up any colorful way I want and it’s still pathetic. And I’m not sure I’ll ever be finished at this rate.”
I don’t think I’ll be one of those people who drop out. It might just take longer than I think.
If you have not looked at my blog yet, please look at the progress bars I put at the bottom of my page. If nothing else, they make you feel a little better, to see someone with a bunch of cards at least as horrible as yours or maybe worse. Or you may want to copy them and have the same kind of visual reminder that you are making progress.
444s last blog post..The publisher called me
Thanks for your comment. Our debt is so similar, sad isn’t it?
I’ve thought about dropping my debt blog but right now I’m so fed up with all this debt that MyCrazyDebt is the only thing keeping me paying all these bills on time. I really can’t afford to quit blogging about my debt. No way do I want to go back to where I was a year ago. Getting out of debt isn’t easy or quick and it’s certainly not any fun. Its nice to see I’m not alone.
Hey Messy – we should track along as we go considering our Stoopid credit card debt levels! Maybe we can push each other along
Kick Debt’s Butts last blog post..My favorite Slow Cooking cook book
I understand your frustration and impatience. I have been “working” on my debt since June 2007 and sometimes it does seem hopeless. To encourage myself, I look how far I have come. Even though my progress is slow, the debt is coming down.
Look at how far you have come this year! You have paid $20,000 in debt, right! That is fantastic!
rtcs last blog post..Side Bar Update
Hello….I have added you to my newborn blogroll. I have read PF blogs for months and just yesterday got the courage up to start my own. It would be nice if folks read it and commented, but that’s not why I do it. I find it very helpful…I enjoy reading what you write….!
http://www.debtinatormom.blogspot.com
DebtinatorMoms last blog post.."Born to Save" Becomes "Born to Shop"
I think that you are doing awesome. Don’t give up, keep up the good work. I know that there are time you want to give up, but it will all be worth it. I have a lot of days where it just seems impossible. I put all my credit cards on a poster board with the balances,percentage rates, and amount due. Since I have done this, I have paid two of them off. This has seems to motivated me into being good with our money.
Just keep up the good work, maybe set some smaller goals like paying $300 off of one card and then set another small goal like that. I always get some gratification from reaching a goal even if it is a small one.
Hi. I read and stay up to date with your blog. Love it. I’ ve started one, too, and wanted to know if you wouldn’t mind adding me to your blogroll, as I have added you to mine (if you like what I write, that is). Thanks!
DebtinatorMoms last blog post..I’m Such A Goober
great blog and I like the way you have addressed the issue of getting out of debt. I’ve been in a similar situation for 4 years now, I’ve tried everything from loans to debt consolidation programs. Most debt blogs lack consistency,patience and passion. I started a blog which can be found here. I emphasis on debt issues. I will add you to my blogroll.
I got rid of my blog not because I’m giving up getting out of debt. The blog became a distraction where I felt I was constantly defending the actions we were taking. We had some good posts about spending money and not increasing debt, and still got blasted by people regarding our spending. Some people just get so focused on paying off debt they forget to live a little. We’re reducing our credit card debt each month, and it will get paid off without needing the blog. I write about what is going on as we pay off our debt for myself now.
I hear you about slow progress. My partner and I have $1,100 in credit card debt (almost done!)–and $50,000 in student loans waiting for us when we’re done with the cards. Thankfully the student loans are low-interest, but it’s still $50,000! Plus, we’re paying out of pocket for tuition right now and trying to repair our house. Debt reduction/elimination can be frustratingly slow at times.
Don’t stop blogging about your debt!! We are all in this together, and TOGETHER we will ALL become DEBT FREE………It won’t be easy…in fact, it will be REAL HARD, but TOGETHER we can ALL DO THIS, by blogging and supporting one another. Let’s get going right now!!
getting out of debt is really hard but not impossible.
Jack´s last blog ..Credit Score