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Personal Finances / Living Below Your Means

URL:  http://boards.fool.com/new-fool-long-19431955.aspx

Subject:  New Fool (Long) Date:  8/8/2003  1:37 PM
Author:  Leia28 Number:  436171 of 890169

Hello everyone.

I am a new fool. I am a mostly SAHM, but I do some occasional consulting. My husband and I were once carrying $40K in credit card debt.

I'll pause now while you pick yourselves up off the floor.

I started off with credit card debt when I was 18, and just got in the hole deeper and deeper. Approximately $10K of the debt was spent on vet costs for a very sick dog. I have no regrets on spending that money. However, the rest was pretty much just stupid.

DH and I got our spending under control and paid off a chunck of the debt. When we were confident we had our spending under control, we refinanced our house and used some of the equity to pay of