Your Debt Story: Paying off $35,000 in credit card debt
Our second "Your Debt Story" is shared by a blog reader who accrued debt by using her credit card and not paying close enough attention to the increasing balance. Here is Tina's plan to pay off $35,000 in credit card debt in the next 2 years.
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Our second "Your Debt Story" is shared by a blog reader who accrued debt by using her credit card and not paying close enough attention to the increasing balance.
Here is Tina's plan to pay off $35,000 in consumer debt in the next 2 years.
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Your Debt Story: Paying off $35,000 in credit card debt
By: Tina
I must be absolutely honest. Ridiculously dumb spending habits. Working full-time, attending college part-time, two kids and a husband, I honestly didn't have time to pay attention. If I didn't have the cash in my account I used credit. I didn't use coupons or shop circulars or as I didn't have time to think about it.
With house: $300,000
Consumer Debt: $35,000
I am working hard to save and pay the consumer debt off. It has been a lot worse in the past. Making progress now.
Credit Cards
I now work a part-time job instead of college. Husband puts in extra hours, and we have been working on a debt snowball and following the Dave Ramsey plan for budgeting.
I hope to pay off the consumer debt in 2 yrs. To put more money toward debt, I am trying to learn all I can about saving on consumables, groceries, toiletries, etc. I have also cut back on cable, cell phones, etc.
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Please join me in thanking Tina for sharing her story!
And I think many readers can relate to how crazy life can get when you throw kids, work and school in to the mix! But the fact that she realized what was happening and adjusted her spending to knock out the debt is fantastic. Before long, that debt will be paid off completely.
Share Your Story
Are you struggling with the burden of debt or are you living comfortably within your means debt free? Or maybe you are somewhere in the middle.
Here's a chance to share your story of debt and help others in a new weekly series we'll be running.
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