I am Debt Mom, I am a stay at home mother of 2 wonderful children, boy (4) and girl (2). I have a loving husband who works full time, and starting Monday July 2, he will also be working part time, to get us out of this situation we call Debt.
His full time income is just starting to not be enough to cover bills, we are never late on payments, however we charge more than we pay, we don't have a budget, we do what we want, when we want. It stops now, I refuse to wait till I have creditors knocking on my door.
I am tired of going to bed with a stomach ache. I started this blog to give me an outlet because our families do not know, and we don't want them to know, our financial situation. Most of our friends do not know, but there are a select few that know a little bit.
I offered to get a part time job, so please don't think I am totally selfish! However his opinion was that kids like me better, and he could make more money. Sad to say he was correct on both accounts.
I ordered this book by Dave Ramsey, as well as the workbook (hey, whats another $28....we have 0 cash coming in for 2 weeks!) I want to prep myself and start working a budget worksheet to use with the next pay.
So bear with me, I can't stop the bleeding yet, as we have no means till July 11th. So my debt will increase, but we are trying to keep it at a minimum. My children's celebrate their birthdays very closely, and I know we will have to charge some if not all of their party expenses....ugh.
Our debts from smallest to largest....
Childrens Place Card - $96.56
Universal Savings Bank - $227.18
Kohls - $569.87
Chase - $12,051.98
MBNA - $14,847.22
Grand Total: $27,565.68
Holy Hell. How did we get here? Oh wait, we were here last year too.....but we consolidated that into a Home Equity loan (which for the moment, I am NOT concentrating on, I need to reign in on the credit cards first, and then worry about the non-revolving debt. However, since I know you are so interested we have a total debt of $72,053.68) Hello....wake up.....your children do not need closets full of clothes, and definitely not toys......
I have a slight addiction to toys, and especially stuffed ones, from Build A Bear. My children are well provided for, and want for nothing, even though Mommy should have taught them otherwise......I am sitting here in shock, that I just announced to all the readers that I am nearing $73,000 in debt.....I want to vomit.
So I have a feeling this will be a long journey, and a hard one, we will more than likely have some pits in the road here and there, join me, and bring me a cup of coffee.....cause I can't afford one! HA!
3 comments:
I know you probably didn't expect readers or comments as you are just starting your blog, but I want to pop in and give you a little encouragement...no advice, since I'm exactly where you are...in debt, just starting the journey, but encouragement that you're not alone...as we all know...misery LOVES company! ha ha
Now smile...you/we all CAN do this.
And, btw I don't think anything about your dh getting a PT job. As a matter of fact, I'm old fashion enough to think that he should be commended for his desire to care for his family in this way. So...I say KUDOS to you both!
Hi, I just wanted to stop by and say hello. good luck with your goals and I look forward to following along!
Hi, I too just wanted to stop in and give you encouragement, you are definately not alone--our debt is nearly the same, if you are interested check out my blog for little extra ways you can earn money online--I am in the same boat in that it does not pay for me to work outside the home, my husband is just taking on any extra overime he can get his hands one--we were really blessed a few weeks ago --he works for the gov. and their was a major computer malfunction that he helped to stay and repair--this led to a wopping 1500 in overtime money!!! Yeah!! anyway I am a bleiver in every little penny helps, so check out my blog
www.stretchadime.blogspot.com
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