Disclaimer: Solid financial advice is not found in this post. This is a what not to do.

But this is what we have to do. Our credit rating is down in the 500s, and we were not approved for a loan for another vehicle last night. We are stuck with the car we have. We therefore have to put the $2000 to fix the transmission on our credit cards, (which we amazingly actually have still $2000 available!—though not for long).

We are at the bottom. We cannot go any lower. Banks will not lend us anymore money, and our loans are maxed out (except Sleepy’s, which we finished paying off just this past month). We hope there are no other issues that will rise up to bite us because right now, we will not have the money to fix them. We are going to have to deal with what we have.

So that’s our plan. Spread out the $2000 among all our cards and start paying it all down, card by card. We are not going to purchase anything new (with the few practical exceptions), and we will live a frugal life.


Transmission is kaput. $2K to fix it. Car is still in the city, but totally not worth the $2500 I still owe, let alone an additional $2000.

So do we sink ourselves with some more debt just to have a reliable car? Or do we get a “2 year fix” as my brother in law calls it? The irony is that this car was supposed to be a 2 year fix, but sadly it only lasted 9 months. . .

It’s seriously reaching crisis over here, yet I continue to spend more money needlessly. Yesterday I bought $28 worth of junk from WalMart, after I kept putting things back because I knew I didn’t *need* them. Today I returned all $28 worth of stuff, and bought $70 worth of stuff. I didn’t *need* a new purse, as I’m sure I have one here, but I bought one anyways. I did need a watch since I never have any idea what time it is. I did need/want fabric for a dress for me and for baby blankets for the 4 babies that are about to be born.

What’s it gonna take for me to really change my habits? I gotta figure it out, soon.

So I was planning that this would be a daily blog, and well, life happens. A friend died so I had to help plan the funeral, in addition to working, and applying for every full time education job within a 3 hour radius that I can possibly do. And my Praxis test is this weekend. Stress.

Financially, we’re doing ok. I had to put some of the food for the funeral on a credit card, but I’ll be reimbursed for it on Sunday. I’m figuring that once I get a full-time job then the debt will really start to be swept away. Until then we’re treading water, trying to stay afloat.

Hi y’all. I’m a married mother of one who’s in debt like crazy. This blog will track my journey to be debt free. It’s going to be long, and probably incredibly frustrating, but I need motivation to keep my eye on the prize.

As of today, we are $28, 415 in debt from credit cards and the purchase of 2 used cars. Additionally, we have $89,588 in student loan debt from our undergrad degrees and his masters. Luckily I got mine courtesy of my job.

Our goals over time:

1) Be debt free

2) Have a comfortable savings for retirement, missions, etc.

3) Own our home straight out

4) Have two working vehicles that don’t cost us insane amounts in upkeep each month

5) And most importantly, maintain our eternal marriage and bring more children into this world to raise them in the best way we know how. This will include financial education which neither of our parents taught us.