• Posts Tagged ‘debt’

    Two steps forward…

    by  • March 13, 2006 • Tagged:   • Comments

    Just when I thought I was getting ahead of the game when it came to saving some money, DirecTV sent us a notice stating that the price of their service increased by $5.00, effectively negating my earlier triumph of getting them to decrease service by $5.00. You win this time, DirecTV.

    Buy Me Something

    by  • March 6, 2006 • Tagged:   • Comments

    “Buy Me Something” is the hot pink text on a girl’s pink T-shirt featured in a local department store advertisement this week. How very American. Perhaps this is why we have a bit of a debt problem in this country?!?!

    Round and Round the Balances Go

    by  • March 5, 2006 • Tagged: ,  • Comments

    This month has been a hectic month for me as far as credit cards go. I transferred all of my 20.99% Citicard balance to a 0% MBNA card, good until April 2007. My next highest balance was at 17.99%, which is on another MBNA card. Unfortunately, I found out that I could not transfer the ... Read more →

    Veni’s Debt Diet

    by  • March 4, 2006 • Tagged: , , ,  • Comments

    Yesterday we got a desperate request within a comment on our blog. It was posted by a 46-year-old woman named Veni, who feels trapped by her spiraling cycle of increasing debt. She has watched Oprah’s Debt Diet on TV and wishes someone could help her get her finances under control. We were both struck by ... Read more →

    Oprah’s Debt Diet

    by  • February 25, 2006 • Tagged: ,  • Comments

    So She and I spent our Friday night NOT gallivanting with our other friends in their 20′s at the trendiest bars in town, but instead watching the Oprah repeat after Nightline. At least I went to Happy Hour earlier in the night. I’ve never really watched Oprah, but I can tell you that JLP is ... Read more →

    Finances Feel Yummy

    by  • February 18, 2006 • Tagged:   • Comments

    Lately we’ve been posting a lot about our prior mistakes and current hardships, and some readers have commented that our debt seems hopeless. I think this is worth some discussion. Money isn’t just a number on a statement; it’s also an emotional roller coaster. We’re on the right track, we’re reducing our debt, but there ... Read more →

    $125K paid off (not us)

    by  • February 16, 2006 • Tagged: ,  • Comments

    I was cruising the Fool.com discussion boards today, and saw this post of the day about a family with over $125K in credit card and consumer debt, paid off in 7.5 years! They did it with a combination of the snowball method of paying off credit cards, personal finance discipline, and a lot of hope. ... Read more →

    Bad Choices

    by  • February 11, 2006 • Tagged: ,  • Comments

    Since we recently got engaged, I’ve been spending a lot of time on the phone with my mom, discussing wedding plans. This conversation has opened the door for my mom to share her memories of being young and married. My parents married at 18, and my mom gave birth to her first child at 19, ... Read more →

    20.99% no more!

    by  • February 10, 2006 • Tagged: , ,  • Comments

    My second credit card ever was a Citibank Platinum Mastercard, with a credit limit of $1,800. I was young and seduced by the fact that I was receiving a Platinum card. The card came just in time for Christmas, but more importantly, it came right after I maxed out my first credit card! This card ... Read more →

    January 2006 Net Worth – We’re Broke!

    by  • February 6, 2006 • Tagged: ,  • Comments

      January 2006 TOTAL NET WORTH -$98,615.39 Assets Joint Checking $285.49 Joint Savings $2,798.83 Petty Cash $300.00 His SIMPLE IRA $2,945.29 His Roth IRA $6,373.72 His HSA $816.34 Her 401K $5,122.00 Her Roth IRA $1,276.00 Upromise $52.94 Automobile $10,435.00 Household Items $25,000.00 TOTAL ASSETS $55,405.61 Liabilities Credit Cards $18,054.88 Student Loans $135,966.11 TOTAL LIABILITIES $154,020.99 ... Read more →

    Mortgage on my mind

    by  • January 31, 2006 • Tagged: , ,  • Comments

    Today I saw this article in the Seattle Post-Intelligencer about the new face of poverty: the college grad. According to the article, About 40 percent of students now graduate with what lenders consider “unmanageable” debt loads, meaning their payments eat up more of their salaries than is considered financially sound. It may not be financially ... Read more →

    I owe how much?!

    by  • January 17, 2006 • Tagged: ,  • Comments

    Since this is my first post, I’ll start at the beginning. As a freshman in college I got my first credit card, with a limit somewhere around $400. I remember my first purchase: A rocking chair. Yep, I took on debt to look geriatric at 18. It wasn’t the rocking chair that did me in; ... Read more →

    My financial history

    by  • January 9, 2006 • Tagged: ,  • Comments

    We’d like to provide a frame of reference when it comes to writing about our financial troubles, so I’m going to start with how I got into a large financial hole. She will follow up soon. When I was in high school, I got my first job when I was 15, a cashier at the ... Read more →