UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev | Next
Author: TMF2Aruba Big funky green star, 20000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308368  
Subject: Re: Credit Card Blues Date: 5/20/2001 12:46 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 1
Hi Everyone!
Every time I get in a jam or something happens where I start backsliding with my family's debt, I think of all of you who post here and all the accomplishments you've made. It has been such an inspiration! Though my husband and I are making progress we still have $8300 in CC debt. I sometimes get down on myself when I can't always pay as much as I hope to on our credit cards. Yesterday when we tried to register our car, we failed inspection and I took it to be repaired. It turned out to be $730 in repair costs to get it go through inspection. OUCH! That hurt, especially when I think that we could have put that toward our payments. This is about the fifth such expense (not only for our car but other items as well) that has happened in the last three months. How depressing! Every time I read this board my sense of resolve is strengthened to pay the debt down. My whole concept of living within our means has changed now. We haven't charged anything on our credit cards since January!! That is an accomplishment all its own. We haven't used the cards and we have paid down the debt $5200 since December. I feel that this is an accomplishment since we live on only one income (quite modest income I might say). Our expected debt free date is 3/02 (I am praying anyway). I just wanted to say thank you to all of you -- this board has opened my eyes to our debt and has helped me to get through the tougher times without losing my focus, or my mind.


Hi Swog!

Don't let yourself get depressed, you're doing a tremendous job as it is.

First of all, $8300 isn't that much debt in the big picture, and you'll be surprised at how fast that dwindles down. Before you know it, it'll be in the 7's, then 6's, then below 5,000. Just be patient, you'll get there, and I'm certain of it.

Why am I certain? Because it's obvious that you are being very Foolish in the way you're managing your finances. You've already paid off $5200 in 5 months (AMAZING!!) and you're not using the cards anymore (Outstanding!!!). You've got what it takes, Swog. Just keep believing in your plans and goals.

As far as the setbacks, those are just a part of life, and it happens to all of us. Expenses with the car, the roof, a plumbing leak...it's all going to happen, and all it means is that it'll just take a bit longer to reach that goal. In the big scheme, it matters little. ;-)

Keep up the great work, Swog, and keep us posted as you go. We're all here cheering you on!

Tony
...but I still am...

Off2Aruba
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev | Next

Announcements

TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
Post of the Day:
Value Hounds

Medallion Financial: TAXI!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement