I hate it when someone says, "I'm so broke" when they have like $500 in the bank. When I say "I'm so broke" that usually means that I have like $1.50 in the bank, ha. Which is really horrible, I know.
I should save money, blah blah blah... but what good is a savings account if I die tomorrow? Is anyone going to say, "It's a shame she's gone... she had $5000 in savings." Umm No, probably not. If I do save money, it's for a specific purpose.
I don't have a problem not having a savings account... my problem is the credit card debt. Why on earth was I ever so stupid to even get a freaking credit card? I don't care what anyone says, having good credit is not all it's cracked up to be. It just leaves you with $7000 in debt, making the minimum payments every month hoping you'll run into a bunch of money and pay it all off. Soo I chopped one of my credit cards into little bitty pieces and I am working up the nerve to do it to the rest of them.
I'm tired of stressing about it... there are a lot of people in worse situations than me, so who cares. I've learned my lesson... don't buy things you can't afford. Don't allow yourself to pay for groceries and gas with your credit card because it's a downward spiral...
So pretty much I have to get part time job (BLAH) so that we can kick this debt in the arse. So I'm going to be going to school full time, working part time... and not seeing my precious Aidan as much as I want to. Only temporary, though.
Well now that you all know my financial situation (which Josh is going to kill me for, lol. He hates it when I share that sort of thing) I suppose I ought to shut up.
Treen
Me!!
haha... I dunno
My son!
Future model/muscian
Me again
Not impressed? Well you should be!
8 comments:
shooooooot.
I bet I have more debt than you.
Try almost 20,000.
And its not even my fault.
When Jay was in the Navy he got a whole bunch of loans... credit cards... a motorcycle... a truck...
And when he got out...
He never paid it.
All the crap is in his name...
But I still owe a phone company 1000.00 for shutting off my service...
fukkin dicks!!!
So, now instead of getting a tax refund from federal. we can forget that. they took ours this year and im sure many more years to come....
I hate debt.
Yeah, I refuse to get a credit card until I believe I'm completely responsible enough to handle one. But I have thought about it MANY times. I need to go to bed but I can't.... sheesh.... LOL
Lee
"Lee" I highly recommend that you NEVER get one, unless you just want credit, then, be smart, call mastercard and get a PREPAID Card, did you know they are just as good for your credit, only, you put your OWN money on it and then pay them a few dollars a year to earn credit, its worth it...
As far as paying off the debt goes: Trina, I would highly recommend avoiding the job if you can make the minmum payments for now...sounds silly...no, because once you get through school, then you will have a good paying job, Aidan will have had his mom around during those crucial years, and you'll be in a better situation to pay them off.
Most places will set up payment plans to your liking. For exmaple, I owe over $4,000 on one card, and told them, "cut off the late fees, stop the interest, etc, and put me on a monthly plan" I now pay them $90 per month and re-evaluate my ability to pay more every 6...they will work with you if your honest...another option, Credit Counseling...there is a great free one called Oklahoma Credit Counselors, only use the FREE one's or they are not worth it.
ReAnne
That prepaid is a good idea! because sometimes I really hate not having credit.. I don't understand why the fact that I am responsible with my own money doesn't play a part in things, ya know... but that is some good info, thanks ReAnne!!!
Lee
Okay, I find that I must comment on your blog. First of all, savings are very important especially now that you have a child. Yes, if you die tomorrow you are not going to care if you have $5000 in savings, but your surviving family members sure will care.
Furthermore, a savings account helps in case any unexpected expenses arise i.e. car breaks down, appliances break down, medical bills etc. When you have a savings account you can use this money rather than credit cards.
Credit cards are dangerous and if you have more than one than you have too many. Having good credit is fine....you just have to learn to say "no" whenever they want to give you more credit. (trust me I speak from experience).
IMMEDIATELY cut up the rest of your credit cards. NO EXCUSES. Having them is just a temptation that you do not need.
There may be people in worse situations than you, but you do need to care about it. You need to come up with a budget and plan to pay off the debt and avoid incurring any new debt.
I am glad to hear that you are going to get a part-time job. Josh does not need to handle the financial burden of this debt alone. You both contributed to the debt so you both should be participants in eliminating the debt. On this point I must respectfully disagree with your sister.
"As far as paying off the debt goes: Trina, I would highly recommend avoiding the job if you can make the minmum payments for now...sounds silly...no, because once you get through school, then you will have a good paying job, Aidan will have had his mom around during those crucial years, and you'll be in a better situation to pay them off."
DO NOT PROCRASTINATE ON PAYING THIS DEBT OFF. Graduating college does not guarantee a good job, furthermore, you will also have all your students loans that you will need to begin making payments on once you graduate.
Aidan will survive a few hours without you. You have a good support system with my family and Aidan will be well taken care of while you are at work.
I do agree with you sister on her advice that you should call and talk to credit card companies or Consumer Credit Counselors to help lower the minimum payment and reduce interest charges.
Sarah
Sarah,
First of all, I do contribute almost $10,000 a year to our debt with college grants and scholarships. That aside, I don't feel guilty for staying home with Aidan during the most important years of his life, and Josh has never pushed me to get a job either. It's not right to say that he is carrying the burden alone, because we are in it together.
I wrote this blog out of frustration. It was supposed to be conversational and only semi-serious, I wasn't looking for any real advice. Thank you for contributing, but Josh and I are capable of getting out of our debt in our own time and in our own way.
Trina
Oh my gosh I just have to comment on what "Anonymous" said. I don't know who this is but puh-lease!! Do you have children? I really hope not. I mean for crying out loud day care is so exspensive these days. I am also a stay at home mom so I speak from experience, if I got a job all the money I made would go right to day care so there would still be no way I would have a savings acount!! So if my husband ever said I needed to get a job I would say I already have one raising our children. Most people think mothers just sit at home on their asses all day .There is so much that goes in to raising a child, and trust me your children will appreciate the sacrifices you make to be able to spend so much time with them when they are young. I do agree I think it would be so wonderful to have a savings account I would feel a lot more secure but it's just not possible for us right now. I know you were directing your comment at Trina but she is my best friend and I know that she and I share a pretty similar life style, so I also felt like you were talking to me. I hate credit card debt but I have it and there is nothing I can do right now but make the payments. And most of the time graduating from college does insure that you will get a good paying job as long as you are careful about chosing one. I don't mean to rant but people should leave somethings to themselves! I LOVE YOU TRINA AND ALL YOUR DEBT!!!!
Trina:
As always, you took my comments negatively rather than the voice of experience. I screwed up my credit due to bad decisions and a divorce. It has taken me many years to build back that credit and it is still not what it used to be.
Furthermore, I graduated college not once but twice and I still don't make the "big bucks" as one would say. Not to mention the fact that I am paying on student loans and will be for the next 20 years.
As to your comment "That aside, I don't feel guilty for staying home with Aidan during the most important years of his life, and Josh has never pushed me to get a job either."
Where did this come from? Did I ever say you should feel guilty for staying home with Aidan? NO! I know that Josh has never pushed you to get a job...he is a wonderful brother and husband.
As to your assertion that your blog was semi-conversational and you were not looking for any real advice, I notice that you did not respond so defensively and hostile to the advice that your sister offered you. Apparently, advice from your sister is acceptable but advice from a sister-in-law is not.
I am truly sorry that you took my comments so negatively, they truly were not intentioned as that.
In the future I will refrain from commenting on any of your blogs since my responses are obviously not welcome.
Sarah
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