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TryingToWinBackControl

Perhaps one might find this excessive to track each time I didn't or did spend money in a day, but I feel this is necessary for accountability (both positive and negative) until I get this debt/spending under control.

My husband and I met back in 2002. Both of us were financially solvent and had very little debt and combined had more than $250,000 saved.

In 2005 after our daughter was born we bought a house and took on a Housekeeper. During that year we sunk more than $100,000 into repairs and improvements.

In late 2005 I decided to quit my job and stay home with the kids, and for the sake of our marriage and my sanity not get rid of the housekeeper.

In Feb 2007 we sold the house at a $10,000 loss and moved to the beach to rent. By this time spending sprees had sucked through $75,000 worth of savings and racked up $30,000 worth of credit card debt and $40,000 worth of personal loans.

I don't know how we got so out of control considering neither of us have a cocaine or gambling problem to blame on it.

By 2009 I want a $250,000 "Do Over"!

OUR LONG TERM GOALS

June 29th, 2007 at 03:50 pm

Our first goal is to Get Out Of Debt ($75,000 )by July 2008 ($28,000 CC; $30,000 loan; $15,000 loan). Our second goal is to Replenish Our Savings back to $250,000 ($60,000 stock; $150,000 DwnPyt $40,000 extra)

Posted in GOALS | 1 Comments »

1 Responses to “OUR LONG TERM GOALS”

disneysteve Says:
July 2nd, 2007 at 10:37 pm 1183415858
1183415858

Great goals. What are you doing to achieve them? I would think getting rid of the housekeeper would be tops on the list.

You mention "spending sprees" so are there a lot of things around the house that can be sold off to repay debt? Ebay, craigslist, yard sales, etc. are all great ways to raise cash.

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2 Priveleged 4 Too Long Personal Finance Blog

First Goal:Get Out Of Debt by July 2008; Second Goal:Save $250,000 by July 2009

OUR LONG TERM GOALS

1 Responses to “OUR LONG TERM GOALS”

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