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Here we are...

February 23rd, 2006 at 02:17 pm

Here goes: we are 32,000 in debt plus a 10,000 car. 28,000 of this is credit card debt. A few thousand of this credit card debt is from my car -- i wanted to bring down the principal on the car loan so I could refinance. 10,000 or so of the credit card debt is related to a stupid timeshare purchase (which we sold to pay taxes last year).

I make $55,000 a year and my wife doesn't work at the present time. We are living with my wife's parents to get ourselves on track financially.

Well, we are in faith that with God's help and a lot of better decisions, we'll be able to get out of debt in a few years.

We're attending a

Text is Crown Financial course and Link is http://www.crown.org/FinancialWisdom/church/Studies.asp
Crown Financial course right now at a local church.

I've been listening to
Text is Dave Ramsey and Link is http://www.daveramsey.com
Dave Ramsey on the radio for the past couple weeks on a recommendation from my brother. Boy, does he ever make sense! I'm hoping to be able to bring his
Text is Financial Peace University and Link is http://www.daveramsey.com/fpu/home/
Financial Peace University course to my church

I've started 2 blogs in the past which never made it past the first post or two before I gave up. I hope this one lasts longer.

3 Responses to “Here we are...”

  1. DivaJen Says:
    1140746160

    If you are concerned about anonymity, you may wish to consider taking the links out to your local churches. Just a thought where Internet privacy is concerned.

  2. outofdebt Says:
    1140748159

    Good idea! I removed the links.

  3. Mike & Tammi Says:
    1142482846

    hey there..just wanted to encourage you. My wife and i started on the "plan" in May of 2005 without a single penny in savings(we are 35) and about 15 thousand in debt. Just under a year later...we are on baby step 3. we've paid off all of our debt(except our house) and have now saved 15000 towards our full emergency fund. Trust me...do the budget...it works!!!

    more than anything....the greatest benefit is the benefit that having financial peace gives to your marriage.

    Congrats on changing your life

    Mike

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