Credit Card Debt Update – Under $8K

Finally, another small milestone reached! We barely managed to squeeze it out. As of today our credit card debt is at $7,999.00.

September was not a good month. It normally is a rough one so it was expected. I thought October was going to be better and it started off that way. Then the medical bills started coming in. Words cannot express how much I dislike the health care system. More specifically, the health care system where I live. You can go in there and ask what you owe. They tell you nothing. A month later a bill shows up in the mailbox for something they forgot to bill six months ago. So very frustrating.

I keep telling myself to relax and breathe. It’s not the end of the world and never will be. It’s just money. We’ll make it through this and every other bill that will pop up unexpectedly in our mailbox since I know there will be more. Of course, this happened after my hours were reduced at work and before my husband got a part-time job (he took a pre-employment test today so things are still looking good there). But I still wonder how this all is going to turn out and I do feel some uneasiness right now.

On the other hand, I have been in such a good mood. I’m spending more time with our son. I’m getting some projects done around the house. I’m working on our new business. I’m even getting back into doing volunteer work. My health is improving and my wedding ring is no longer snug on my finger. As for the rest of the family, my son is happier and my husband is happier as well with this new arrangement.

All we need to do now is smooth out our income since cutting my hours shook things up a bit.

Posted by Tricia on October 20, 2008 at 11:16 PM in Debt Updates | 13 Comments »
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Sherri responded:
Posted: October 21st, 2008 at 12:17 am
Yay for all the positives!
Eugene responded:
Posted: October 21st, 2008 at 2:56 am
Nice article. Thanks. Eugene
Andy @ Retire at 40 responded:
Posted: October 21st, 2008 at 6:07 am
Congratulations. There’s nothing better than finally paying off that debt, so keep going – it’s getting closer all the time.
Kristie responded:
Posted: October 21st, 2008 at 7:02 am
Good luck and keep it up. You are doing great and such an inspiration to keep hacking away at my debt!
cheryl responded:
Posted: October 21st, 2008 at 7:55 am
Congratulations on hitting under 8000. I just started working on a similar debt amount as you started. So this gives me the confidence to keep going.
Goldie responded:
Posted: October 21st, 2008 at 8:35 am
Congratulations, here’s to the next milestone!
My Daily Dollars responded:
Posted: October 21st, 2008 at 12:19 pm
Congrats! Those milestones really help. I’m so impressed with all you’ve done so far!
danielle responded:
Posted: October 21st, 2008 at 5:45 pm
Alright!!! I was wondering when this was going to happen!
Jana responded:
Posted: October 21st, 2008 at 6:59 pm
Congrats!!!! Under $8k!
Da Big D responded:
Posted: October 21st, 2008 at 8:29 pm
I would rather see you continue your hours at your job and pay off your debt. Then work on your new business. Now is not the best of times to start a business, and being debt free with some emergancy cash locked away is a good thing.

Running a business is hard. It takes years to become profitable for the most part. There are a lot of things involved that you have to learn as you go.
Doctor S responded:
Posted: October 21st, 2008 at 8:47 pm
Congratulations and good luck with making the rest of that principle disappear!
Mar responded:
Posted: October 22nd, 2008 at 9:11 pm
Tricia, congratulations on hitting another milestone – that’s awesome. I’m sure it was tough when your hours were reduced, but at least you are using the time productively and enjoying it. Hopefully, your hours will be increased soon, but if not, you are one of the people that I truly think can handle the reduction. I’m guessing the next goal is to get over $30K paid off – you’re only $385 from that – how impressive!

Da Big D, I don’t think the reduction in hours was voluntary, so Tricia doesn’t really have a choice on continuing to work the same number of hours (or at least getting paid for them if she works them).
Tricia responded:
Posted: October 22nd, 2008 at 10:29 pm
Mar – the reduction in my hours was voluntary. I asked for them. But I can go back to full-time if I choose to if the business doesn’t profit as quickly as projected and my health improves.

Thanks, everyone! I appreciate it