Okay, maybe it will take more than a year.
It's not January yet, but my major (early) New Year's Resolution for 2013 is to get out of debt. Enough is enough and I need to get serious and do the necessary to obliterate my debt once and for all.
I title this site "Debt Breaths" because carrying debt is suffocating. It feels like a monkey on your back that won't go away and like you are working just to pay Visa or Mastercard with every paycheck. I hate it.
With this blog I plan to share my plans to save money, track my progress and hopefully one day in the not-so-far future I'll be able to make a victory post when my pressing debts are finally paid off in full!
About me? Well I am a 30 year old homeowner. I am unmarried with no children. I went to college and have the student loans to show for it. I make a decent living doing a job that I do enjoy for the most part.
I don't have as much debt as some people I know, but it's enough to overwhelm and bother me. I have credit card debts and student loans. I will tackle the credit cards first before I try to drop-kick the student loans. I also have a mortgage, but I'm not too worried about paying that off---I'm sure I'll sell before 30 years is up.
Since the credit cards are the first on the hit list, here are the stats. I have 4 credit cards. Three of them are maxed out right now and two of them have been closed due to delinquent payments. I only use one of them occasionally (when I pay it, I tend to spend on it again).
My current balances:
Credit Card 1: $2704.25
Credit Card 2: $2812.71
Credit Card 3: $ 907.84
Credit Card 4: $3905.98
Grand Credit Card Total: $10,330.78
OMG! I could buy a new car with that or renovate my bathroom. That total is staggering to me and I must get rid of it.
So the purpose of this blog is to hold myself accountable and remind myself to constantly take the necessary measures to destroy this debt. Over the next several months this nasty balance is going to decrease and I hope you will follow along my journey and maybe even embark on your own debt fasts (or diets).
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