The Motley Fool Discussion Boards

Previous Page

Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: Lurker no more! (very long) Date:  11/25/2002  5:25 PM
Author:  xxannxx Number:  145937 of 309665

Congratulations on "going public" to the Board. I find that the more I eat, sleep, breathe and post about my debt the more motivated I am to have it be gone and stay gone.

That's exactly what I'm hoping for...I will admit it certainly helped me stay "in control" this weekend when I had an extra hour on my hands in SF and way too many cute pairs of pants calling out to me.

Is all of the CC debt in your name? Although the bottom line for me right now is interest rates, I also worry off and on about one individual carrying all the debt in the horrible case of death, separation, or divorce...

All of the debt is "mine," so all of it's in my name. My SO has always thought that I was living too far and too fast, so anything I wanted/needed/pined for went on my cards. I guess he had the "pleasure" of using my nice stuff, eating the nice meals out, looking at my nice clothes :), but he'd be happy living in a cardboard box, I think, so I can't really pawn any of it off on him.

I'm going to move ahead with reducing my contribs to my son's 529. Should I completely eliminate it (for now), or reduce it (as you suggest)? Any pros and cons? I'm realizing more and more that I need to get my debt and retirement in line (I'm 36, btw, and it feels way too late to be starting. But I figure better late than never). I think I read somewhere on TMF something a