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Author: Leia28 One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 886264  
Subject: New Fool (Long) Date: 8/8/2003 1:37 PM
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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 off the credit cards.

Whew! What a day that was... The day we no longer had credit card debt.

Today we are building our emergency fund, our 9 month old's college fund, and our retirement fund. The emergency fund is our biggest priority. Thankfully, DH's company automatically contributes 8% to his retirement plan. It's not even a match, just a straight out contribution. Of course, the credit cards get paid every month.

In some ways we are doing well with LBOM. However, we could be doing better. I have already learned a lot just by lurking on this board for awhile and reading the tips post. I look forward to learning more, and hopefully being able to share something useful myself.
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Author: impolite Big gold star, 5000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 436172 of 886264
Subject: Re: New Fool (Long) Date: 8/8/2003 1:40 PM
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A NEWBIE!

A dance for you: shuffle shuffle glide glide booty-shake glide...

Welcome to the Fool!

impolite

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Author: alicemcd26 Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 436177 of 886264
Subject: Re: New Fool (Long) Date: 8/8/2003 1:51 PM
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Welcome!!!!!!!!!!
Sounds like you are off to a good start. Hope to hear lots from you in the upcoming days!!!

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Author: Leia28 One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 436198 of 886264
Subject: Re: New Fool (Long) Date: 8/8/2003 3:02 PM
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Sadly enough, it is just a start. I'm 36 and DH is 32, and we are just really starting to save. I wish I would have been a better fool during my 20s.

On the bright side, I have a wonderful husband, a beautiful son, and three dogs that I adore. We have some savings, we live in a home, and we're reasonably healthy. Life is good.

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Author: PipneyJane Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 436239 of 886264
Subject: Re: New Fool (Long) Date: 8/8/2003 4:28 PM
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Sadly enough, it is just a start. I'm 36 and DH is 32, and we are just really starting to save. I wish I would have been a better fool during my 20s.

On the bright side, I have a wonderful husband, a beautiful son, and three dogs that I adore. We have some savings, we live in a home, and we're reasonably healthy. Life is good.


And now you have us to play with!

Welcome to the Board. Don't be down on yourself for not having as many savings as some or not spending as little as others. We all started the same way, with just $1. And we all accumulate our money one dollar at a time (or £1 in my case).

Please come and play with us often.

- Pam

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Author: workwayless Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 436318 of 886264
Subject: Re: New Fool (Long) Date: 8/8/2003 10:53 PM
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Sadly enough, it is just a start. I'm 36 and DH is 32, and we are just really starting to save. I wish I would have been a better fool during my 20s.


IMHO, you're starting at good age.

At age 36, I had to start all over after divorce wiped me out financially. And now in my 40's I'm financially independent.

Never underestimate the power of LBYM!

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