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Feb 21, 2007    |       4 comments

Want to Declare Your Debt Online?

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For me, writing this blog has been so freeing. My debt no longer feels like the big secret that it once was and I feel like some weight has been lifted off my shoulders. It sounds like some of you would like to give it a try as well.

If you are interested in starting your own blog, you can read my post, In Debt and Want to Start a Blog? Here’s How. That should get you started blogging. If you use a free blog site like blogger, you can have your own blog in a few minutes and it is fairly early to learn to use the program to write.

For those of you that do not wish to start a blog, but would like to declare your debt on the internet, you can always email me your story and I will post it on here. But, you must tell me in your email that you want me to post it. Otherwise, I will keep our email private.

Feb 20, 2007    |       13 comments

It’s Time

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I have been dragging my feet when it comes to stashing money away for a rainy day. It’s been hard for me to think about saving money earning less in interest than what we are paying towards our credit cards. But there is something to be said about having some cash stashed away if you need it. We have $122 currently in a savings account but that really isn’t enough.

Since we’ve hit the debt hard this past year, the beginning of the second year I am focusing on stashing some money away. Not a whole lot, but I think a good amount for us to start with is enough to cover all of our expenses for a month. I ran a report of our spending last year and it looks like $2,500 should be enough to cover a month of necessities and debt payments. I’m comfortable with that amount and it would provide a sense of security.

My husband’s temporary job has been extended for a while longer and he also received a raise the other day, so I figure we should be able to save $2,500 within a few months. I look at that amount and I realize that if we paid that amount towards our credit card debt we would be under the $20,000 mark. I really want to hit that milestone, but I feel at this point in our journey we have to get some cash stashed away.

It’s time. I’m ready to starting saving.

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