To get out of debt, you have to have a plan. I’ve had many over the years I’ve been in debt, but instead of climbing out, my debt pile gets deeper. I’ve had some very good plans in place. The Debt Snowball, the Financial Peace University where you have a Zero Budget and pay cash for most everything you buy. Both are very good, sound debt management plans. But, to make a plan work, you have to work the plan. Plus, it is always good to have every one of your “team” players on the same page and aware of the plan. I guess you could say that is where I fail the most.
Here is the big problem, my debt, is, a, SECRET! Yes, there, it is out. I have carried the burden of debt by my self and a secret for the past four years! Do you know where it has taken me? To the poor house. My debt ratio is huge and I’m so far over my head in debt, I can not imagine getting out.
I keep a spreadsheet in excel that seems to go on and on. I know where every single penny that comes into my checkbook goes. I’ve got every expense listed. But there is no controlling it because I am at the mercy of my bills. I’ve been keeping this spreadsheet for four years. It started as my zero budget plan, and debt snowball, but quickly became a desperate attempt to keep me one step ahead of my bills and debt. My main goal each month is now to somehow pay all the bills, keeping them current, and end the month with a positive figure left in my checkbook. More challenging then you will ever know.
You are probably asking, where did all these bills come from? What are they? A number of inquiring questions. I do not have a good answer for that at this time. If you stay with me throughout my journey, I do plan on delving into my past four years to see what in the world happened! Together we will look at my terrible journey to today, where I am at my lowest point ever! I am totally paralyzed with debt. It is overwhelming and impossible to manage.
Lets just hope that this is a pivotal point for me. I have some financial burdens that will be ending in four months. Four seems to be a theme! Four months and I will have an influx of $1000 monthly back into my budget. The thing is, can I even make it till then, and once I get there, have I put myself in too deep for that to make much of a difference? Those are the questions I will be answering soon!
Thank you for stopping by..visit often, stay long, leave happy! Good night!