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And how it all began....

January 6th, 2010 at 06:47 pm

I don't know if this blog will see many eyes, but if nothing else I want to journal my family's experience of getting out of debt. We're the typical suburban family- we have 2 kids, we both work, and we've accumulated a lot of debt, without much to show for it.

My husband and I are in our early 30's. We've been married for a little over 10 years, and amazingly enough in that time, never developed a good financial plan or "budget". Over this time we've had all sorts of changes...one of us working, both of us working, working commission-only jobs, any scenerio you name it. A few years ago we were doing really well by all accounts. We would buy a small house, live in it, renovate it, and flip it. We'd put all the money we made from it into...another house! A few years ago we put money into a house that was potentially a great flip, but it was sort of large, "sort" of beyond our means, and definitely a money pit. Fast forward 2 years- we lost money on the flip (ahhh....didn't we all love the bubble of 2008?), we moved into a small rental home, and we're faced with $45,000 of debt.

I will be blogging for fun, for accountibility, and for, well, inspiration for anyone else in this situation who stumbles upon my little story.

2 Responses to “And how it all began....”

  1. ceejay74 Says:

    Welcome! There are people in all stages of their financial journeys on this site, so it's a good place to exchange ideas. I look forward to hearing about yours.

  2. Personal Finance Student Says:

    Welcome! I just read your blog backwards to your starting entry. This is a good place and I hope you find that accountability you're looking for. Good luck with it all.

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