<< Back to all Blogs
Login or Create your own free blog
Layout:
Home > Assessing Where I am

Assessing Where I am

November 5th, 2006 at 02:06 am

I went back to school much earlier this year, after leaving my job. Living on one income has been a little scarey. I have been so used to having lots of extra money and no debts (other than the mortgage). So, to have lost half of our income and acquiring new debt is a new experience.

I thought I would be okay with the debt, as I know we'll be able to pay it off quickly after I finish school and start working again (2 more years). I have decided to rethink our plan, by decreasing the amount of new debt we take on, and starting to pay off my school loans much earlier if possible.

I'm going to try to get an idea of where we really are financially right now, and work month by month to hopefully have no more debt (except the mortgage) by the time I get out of school.

-J

Posted in My Life Dreams (i.e. Why I'm Doing All This) | 7 Comments »

7 Responses to “Assessing Where I am”

  1. LuxLiving Says:
    November 5th, 2006 at 02:11 am 1162692709
    1162692709

    Welcome J!

  2. janh Says:
    November 5th, 2006 at 03:34 am 1162697649
    1162697649

    That's an awesome goal.

  3. PRICEPLUS Says:
    November 5th, 2006 at 05:07 am 1162703245
    1162703245

    Welcome J! It is always a good thing to reassess where you stand financially! Good Luck we are pulling for you!Smile

  4. tinapbeana Says:
    November 5th, 2006 at 03:07 pm 1162739223
    1162739223

    nice to have you here, J! and kudos on trying to tackle debt while only on 1 income. imagine if you can get comfortable living on just the one salary, so that when you start working everything you make can get stashed....

  5. Ima saver Says:
    November 5th, 2006 at 03:32 pm 1162740735
    1162740735

    Hi j, glad you are here.

  6. genmed Says:
    November 5th, 2006 at 10:34 pm 1162766052
    1162766052

    Thanks for the encouraging words Smile and welcome from everyone. I hope we all make our goals - financial and otherwise.

  7. Broken Arrow Says:
    November 6th, 2006 at 02:28 pm 1162823311
    1162823311

    Ah, I wish I was smart enough to minimize my loans and start paying as soon as possible. Big Grin

    Unfortunately, I wasn't, but at least I learned now instead of later.

    Anyways, good luck!

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]