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.
And how it all began....
January 7th, 2010 at 02:47 am
January 7th, 2010 at 06:05 am 1262844305
January 16th, 2010 at 02:00 am 1263607231