I know money and household finance talk is taboo but frankly, I gave up all my taboo and fear (and fear of discussing money) surrounding money in 2012. Declaring bankruptcy and recovering from it and getting a real education on personal finance does that to you.
December 2018…. we were up to our eyeballs in credit card debt again. I had been in business but was on a break. We didn’t know how we were going to escape it with the sky high credit card interest that was adding to our balance every month. It was a terrible feeling.
Security is probably what I value most aside from love, and I was feeling pretty darn insecure. Jared and I made a commitment to say, “no more,” and he took out a personal loan to consolidate the debt and pay off the credit cards.
We have been very lucky but we have also worked hard. We are projected to pay off all our credit card debt and that personal loan by this October 2020, a year and three months earlier than the anticipated life of the loan. Then we will be back to the only debt we have being the house and cars. That will mean roughly $14k of credit card debt paid off since December 2018.
For the record, we don’t snowball. We avalanche because high interest and high balances suck. I learned a lot from Dave Ramsey but I need high impact immediately.
When I get depressed, I go shopping.
Yesterday, I was depressed. We have a slight balance on one of the credit cards right now and I had reverted to the old “well, it’s already got a balance anyway,” so I went to shop goodwill.com and found a Canon 5D with a 50mm 1.8 lens.
Y’all…..that’s a FIFTEEN year old camera. That had no guarantee of working. That is insanity, even if it is full frame.
Yep. I bid on it.
I got salvation though….at the last minute, I was outbid. So I am off the hook.
But I am confessing for accountability because I am in that headspace again today with the school issue (which happened after the bidding from yesterday, so I was already depressed). I have decided I want to sell my X-T20 and pick up another X-H1 as backup/ purse camera. Would cost us roughly $600 including the sale of the X-T20.
Man…..just holding out till October and our whole world surrounding money will change. I know this. And this is what I am going to do. But the temptation to give up is real sometimes.
But we are so close and I won’t give up!
We are going to decide for sure on the school issue by tomorrow but I am pretty sure that we will be doing the online option.