No. of Recommendations: 2
The deep question of why we are in debt.. 
My hubby is not involved in our finances at all and I avoid all
conflict by not bringing anything to his attention and never saying no
to any purchase.  That part probably will involve a marriage counselor.
(seriously).  A contributing factor is that I have never budgeted for
the reoccuring occasional expenses (clothes, medical, car maint,
licensing, etc.) When considering a new payment I would make a list of
current payments and a budget for food and then say sure to the new
payment.  Then all the "other" stuff would end up on a credit card. My
hope is to reduce our minium payments to a manageble level so that we
can put money in savings to cover those things and stop using credit
cards and to somehow fix my marriage communication issues.  This finally
came to critical mass with me this year when I got a new job making a
ton more money.  We now gross over a $100,000 a year and I am still
bouncing checks.  I have finally realized the problem is not and never
was HOW much we make.

Fico: 585

Net Income				
		            Annual 	 Monthly 	
		         85,280.00 	 7,106.67 	
Household Expenses				

Mortgage		 25,812.00 	 2,151.00 	
Utilities		 6,924.00 	 577.00 	
Auto Insurance		 1,920.00 	 160.00 	
Life Insurance		 780.00 	 65.00 	
Food		         9,100.00 	 758.33 ($175/week)
Non-Food		 1,200.00 	 100.00 	
Gas	     	         3,120.00 	 260.00 	
Childcare/camps/lessons	 3,000.00 	 250.00 	
Medical		         1,000.00 	 83.33 	
Vet Bills		 500.00 	 41.67 	
Clothing		 1,800.00 	 150.00 	
Auto Maintenance	 500.00 	 41.67 	
House Maintenace	 500.00 	 41.67 	
Entertainment/Recreation 5,200.00 	 433.33 	

	Total Expenses:  61,356.00 	 5,113.00 	
Income after Expenses	 23,924.00 	 1,993.67 	

		                 Balance         Minimum
Wa Mu  - Credit Card	22.00%	 2,350.00 	 72.00 	
BOA - Credit Card	33.00%	 4,306.00 	 150.00
AK USA - Credit Card	13.50%	 7,645.00 	 230.00 
AK USA - Sig Loan	14.90%	 3,620.00 	 211.00 	
Cap One - Sig Loan	7.00%	 25,000.00 	 595.00 	
ACPE - Student Loan	8.00%	 12,135.00 	 308.00 	
Home Depot        	21.00%	 1,516.00 	 50.00 	 
Lowes           	21.99%	 571.00 	 13.00
CitiFinancial           22.00%	 1,200.00 	 85.00 	
GESA - Car Loan	         5.85%	 18,696.00 	 386.00 	
AK USA - Car Loan     	 7.40%	 11,700.00 	 245.00 	
	TOTAL DEBT:              88,739.00 	 2,345.00 	
                                  Annual          Monthly
Income after Debt Payments	 (4,216.00)	 (351.33)
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.