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Jul 18th, 2007
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I
am too ashamed to admit how much in debt I am. Most of it is student loan debt, but I also have significant credit card debt. I recently had an issue where I was a bit over the maximum on one credit card and the minimum payment due was nearly $900. Thankfully I have never had a late payment so they worked with me on it and enrolled me in a program where I only have to pay $150/month until January (when I get a job and will be making $80k annually!) 
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  | Posted Jul 18th, 2007 at 5:48PM Hopefully once you get your job you can get out from under the debt. What we do with savings and debt early in our lives can dictate our finances for the rest of our lives. My Dad told me that there is a tipping point with both saving and spending, where we can save enough to be set for the rest of our lives, or spend enough that we will always be in debt. I like thinking of it that way, makes it easier to save! +3 nods   |
 | Posted Jul 18th, 2007 at 7:39PM I have never been able to save. I have always lived for today. As I get older I am really having a hard time. It is true, what you do when you are younger sets the stage for when you are older, +2 nods |
 | Posted Nov 20th, 2008 at 2:28PM A member of the family was a credit counselor in a bank some years ago. He gave me some good advice: If you have to buy, buy only what you can pay for in cash. If you dont have the cash, or if you dont have sufficient funds in a checking account, dont get it. So where has this gotten me? I own my house free and clear. I own both cars free and clear. No mortgage payments, no loan payments. Considering the economy, that is something worth working toward. +5 nods |
 | Posted Jan 3rd, 2009 at 6:16AM ya CARDS can be a big pain in he A**, i just read that having cards are a really dangerous thing & can wreak havoc with ones finances. i have one but am planning to use it as less as possible. +3 nods |
 Feeling mischievous | Posted Jan 9th, 2009 at 10:48PM Learn from this! It can get a LOT worse I promise! I have gotten out of debt, gotten back in debt, gotten out of debt.... and currently back in debt worse than EVER before (due to having that 80k a year job, getting divorced, losing her income, and being left with all the debt!). It was only a 18 month marriage but since I had good credit all the debt (cars, etc) went in my name! Now I can't pay it all and need a 160k a year job to do it! +3 nods |
 | Posted Feb 26th, 2009 at 11:42AM Lucky , you will be able to put it right , & you can learn a lesson from it for later in life , could prove to be a valuable lesson , if you are tempted to get credit again , just remember how you feel now & re-consider , but i would not beat yourself up about it the lenders have played there part . good luck +2 nods |
 | Posted Feb 26th, 2009 at 5:28PM Work hard and try your best to get back on track. Sadly the economy and illness has me living with my estranged husband and I am at the point of looking for a cardboard box and a bridge. +2 nods |
 | Posted Feb 27th, 2009 at 10:20AM If you ever thought you could handle having a credit card, or even if you've had issues with them...you should watch the documentary Maxed Out! It was quite an eye-opener. +2 nods |
 | Posted Feb 27th, 2009 at 12:04PM Hang in there! Debt is the loophole for slavery. Notice how the bankruptcy laws were changed recently to make it harder for average middle class people to wipe out debt as easily. I think that bill was written by the banks and investment firms who now cry, beg, and hold out there hands for federal money. +2 nods |
 | Posted Mar 2nd, 2009 at 8:12PM Doesn't make you feel much better about being under it, but what AlDente says about Debt is true. Buuut...if everything is going to **** and the currency is going to collapse, you can pay off those debts with lots of worthless monopoly money. Preferably the kind you wiped your *** with first. Stop eating and start $aving! +2 nods |
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