• We Tell SmartMoney Readers Our Debt Secrets

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    A few weeks ago, Lisa Scherzer, an editor of SmartMoney magazine, emailed us (and JLP and Tricia, too):

    I’m interested in talking to people who are, or have ever been, in a situation where they’ve been at odds with their spouse or significant other about money — attitudes toward money, and specifically, debt, and ways of managing money and debt. For example, shopaholic Wife tries to hide her expensive shoe purchases from thrifty Husband. Or a man lies to his fiancee about how much debt (credit-card debt, student-loan debt, etc.) he has — or at least fails to mention it for some time. You get the idea.

    Oh yes, we got the idea. And then we told Lisa our story.

    Here for the first time and need more backstory? Try my financial history, and then more of Her’s. I think that it’s important to note that I wasn’t the only person she was hiding the true amount of debt she had – she also hid it from herself. Hindsight is 20/20, so next time we’ll both be on the lookout for signs of trouble.

    In the two years that have passed since the initial…”reveal,” we’ve done much to improve our finances, but we’re far from perfect. In fact, we’ve been known to make mistakes. But that’s okay, since the point of all of this is to learn from them. If you’d like to hear about our experiences with money, you can cruise the archives, or pick one of the tags over there on the right for more relevant topics. More specifics?

    For example, when our savings eclipsed our credit card debt, we thought that was a little ridiculous. So this month, we’ve committed to paying off all of our non-0% credit card debt, about $6,600. We’re also on on track put half of the max into our Roth IRAs this year. We’ve made a nice foundation for achieving our 2007 goals. This is a far cry from where we were even one year ago.

    On our site we like to discuss the intersection between relationships and finances, and we do this in a number of ways. Sometimes, readers ask a question that we answer. Other times they contribute content to our site. And, of course, we talk about how we deal with it.

    Much to the chagrin of many, we tend to also take a lighthearted look at finances. See how we spent $26 so that I could get a more masculine license plate. Or my plans for what I’d do if I had all of the money in the world. Or just see how the personal finance blog community likes to kick our asses.

    So again, welcome. Stay for some pie.

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