Thursday, August 28, 2008

Ready......Set......Blog (or not)!!!!!

So, welcome to my brand spankin' new blog. I'm not a blogger. I know it may look like I'm blogging, but I'm not. This is like the silly little pink diary with the flimsy little gold lock that I kept under my bed as a child.....but virtual. This is my diary, I just happen to type a lot faster than I can write, besides, I'm completely addicted to the "internets" anyway, so why not be diary-ing online. So, that explains the blog that isn't a blog and the Redsonja that isn't a blogger. Moving along. My blog that isn't a blog is accountability. It's intention. It's motivation. It's the thing that forces the truth and displays the excitement. So, here goes:

My husband and I have a lot of debt. Like a lot a lot. We started in December 2007 with $63,000 and some change in debt. Half of that is my student loan. Some of it was an adoption loan, some was a car, and the rest was dinner at Chili's and a trip to Europe. Most of it was stupid, but the student loan debt was a graduation with honors thankyouverymuch. Regardless, it was debt and it was killing us. I stumbled upon a fellow named Dave Ramsey and the fire was lit under our behinds. We couldn't do this anymore we said. We can't retire like this we said. We can't teach our daughters this we said. So, we said "NO FRIGGIN MORE!!!!!". And there was no more. We cut up all but one of the credit cards (kept the one for emergencies and have not used it). We got a big whiteboard and listed all our debts in order from smallest to largest, and we went for it. It was almost nauseating to see how much we owed and how little we had to show for it, but isn't that what they all say? In December we decided that we would not buy presents for each other, just the kids, and we would set a very small limit on the extended family. We stuck to it. We decided that every extra penny we would find would be earmarked for debt, and we mean every penny. We have made payments of thousands of dollars (tax refund and job bonus) and of pennies (.99 cent sale on ebay). It adds up, and fast! As of right now, we have $45,919 in debt. We have paid off $17,081 in 8 months. It still seems like so far to go, but we are bound and determined. We see people all around us living the life they want but can't afford. The life we had. We don't want that anymore. I don't want Citibank or Chase to own me, I want to own my money. I do not want to be at their beck and call, they should be at mine. So, I've started this blog that isn't a blog to post my journey, and maybe if you have a journey you want to take to financial freedom, you can come along and we can help each other. So, welcome!

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