My Amazon books are supposed to come in today. I am excited to receive insight into managing my debt from "the pros". OK, so I was never big on reading but I'm not reading these for fun - I'm reading them because I need debt help.
I got distracted today by the TV. TV is such a waste of time, yet so mesmerizing. Once I start watching a show I can't look away. I will definitely need to keep my TV watching time in check once my books come in, otherwise I'll never get done with them! Besides, I don't think watching TV ever helped anyone get out of debt.
Monday, June 6, 2011
Sunday, June 5, 2011
Ideas on saving some money...
So I was poking around the web for random debt help resources and found this site: Debting.org. It has quite a few useful articles (if you have debt problems like me, I recommend doing some reading on there).
I found one of the articles to be particularly insightful. It's a general debt help article, kind of common sense but something I never really thought about before. I only have one car and do not attend a private school (or any school for that matter), and moving is not really an option at the moment. However, I do eat fast food every few days which is more expensive than "real food". Man, whatever happened to fast food being cheap. $0.29 cheeseburgers at McDonald's anyone? I also have a cell phone but don't think I could live without that (OK, technically not true but it makes life so much easier). Cable isn't a huge expense, but I suppose it adds up. I think I'll cancel it starting next month since I can live without it. Maybe I'll sign up for Netflix or Hulu or something, those are like $10 a month. Lot cheaper than cable.
I found one of the articles to be particularly insightful. It's a general debt help article, kind of common sense but something I never really thought about before. I only have one car and do not attend a private school (or any school for that matter), and moving is not really an option at the moment. However, I do eat fast food every few days which is more expensive than "real food". Man, whatever happened to fast food being cheap. $0.29 cheeseburgers at McDonald's anyone? I also have a cell phone but don't think I could live without that (OK, technically not true but it makes life so much easier). Cable isn't a huge expense, but I suppose it adds up. I think I'll cancel it starting next month since I can live without it. Maybe I'll sign up for Netflix or Hulu or something, those are like $10 a month. Lot cheaper than cable.
Friday, June 3, 2011
Random
It's early in the morning. You're never too far in debt to afford Captain Crunch cereal. Man, I need help. When my next paycheck comes in this weekend, my goal is to put $150 towards my debt. I just decided that. My goal every time I get a paycheck is to put $150 of it towards my debt.
Dammit, I'm going to need to get a 2nd job or something.
Dammit, I'm going to need to get a 2nd job or something.
Thursday, June 2, 2011
Hatching a plan...
Being so far in debt, yes I can admit that I need help. Help comes in many forms, and after doing some online research I have decided to follow this debt help strategy.
The argument behind using this method is that you can lose motivation when trying to pay off large amounts of debt. I won't argue with that and my debt definitely qualifies as large. This is going to be a marathon.
Most of my debt is credit card debt. I have several credit cards, but most of the debt is on two of them. I will work on paying off all of the smaller debts first, which should take a relatively short amount of time.
The man behind the "debt snowball" strategy, as it has come to be known, is often credited to this man. He seems like a smart guy with quite a few publications. I will trust his idea because I am clearly no financial expert (and he is).
Anyway, it's getting late.. off to bed.
The argument behind using this method is that you can lose motivation when trying to pay off large amounts of debt. I won't argue with that and my debt definitely qualifies as large. This is going to be a marathon.
Most of my debt is credit card debt. I have several credit cards, but most of the debt is on two of them. I will work on paying off all of the smaller debts first, which should take a relatively short amount of time.
The man behind the "debt snowball" strategy, as it has come to be known, is often credited to this man. He seems like a smart guy with quite a few publications. I will trust his idea because I am clearly no financial expert (and he is).
Anyway, it's getting late.. off to bed.
Wednesday, June 1, 2011
The beginning of my quest to eliminate debt
The journey of a thousand miles begins with one step. Or in my case, the journey of erasing $22,000 in credit card debt. Don't ask how I got this deep into debt. I've spent a lot on unnecessary things and made some poor financial decisions, but have resolved to put an end to my foolish ways.
A quick introduction: I am a single 28 year old guy in the construction management business. I guess you could say I'm pretty average (apart from my financial stupidity?).
Anyway, back to my debt. To help me in my goals, I did a quick online search for some resources. I found these useful:
It's time for me to head off to work now... going to be a long day but I'm feeling good about starting this journal.
A quick introduction: I am a single 28 year old guy in the construction management business. I guess you could say I'm pretty average (apart from my financial stupidity?).
Anyway, back to my debt. To help me in my goals, I did a quick online search for some resources. I found these useful:
- For Debt Help, an informational site with interesting articles about getting debt free
- The Total Money Makeover: A Proven Plan for Financial Fitness
, a book from Amazon by Dave Ramsey
- Negotiate and Settle Your Debts: A Debt Settlement Strategy
, a book from Amazon about debt settlement
It's time for me to head off to work now... going to be a long day but I'm feeling good about starting this journal.
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