No. of Recommendations: 1
Welcome to the club, PineLevel!

Don't be ashamed, embarrassed, etc.... because you're obviously here for a reason. And that is to take control of the situation and get out of debt!

Levels of debt are really mostly irrelevant unless you know the interest rates being charged, how much someone's income is and what assets they have, etc. Someone with 15K in debt making $25K a year might be more in trouble than someone with 81K level of debt.

Many of us have been where you are... sweating bullets, up at night tossing and turning over our debt. But YOU have chosen to focus and do something about it... so turn that stress into focus and fervor for LBYM, budgeting, snowballing, and learning all that you can about intelligent steps to take from this point.

I want to stress fuskie's point... that can't be reiterated enough. Make sure that your wife is equally a part of this process. You will efficiently be able to move forward with one of you dragging can be quite empowering for a couple to rally around the act of getting out of debt together.

Good luck, Godspeed and all that. You're not alone.

Print the post  


UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
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.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! 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.