Note: Thea would like to be the next BAD blogger and this is her introduction in hopes of becoming it. Please leave any impressions, thoughts or comments about her current situation. More information about this position can be found here
Every month as I watch my hard earned salary fly away into the unknown by a few clicks of a button, I know that my life shouldn’t be like this. As a teacher I work hard and I would, like anyone, like to “play” hard. I would like to take trips and pay for them with my debit card instead of my credit card and buy things without the guilty feeling that almost always accompanies the buying of a want and not a need. This is not my reality now, but I hope that in time, sooner rather than later, it will be.
I am currently going through what I think, no, hope is a transition period in my life. I have a husband, a seven month old and a two-and-a-half year old and everyday is a struggle to keep myself and my family mentally and financially afloat. With that being said however, I think I’m doing a pretty good job. The bills are paid, I’m saving almost 10 percent a month (it does still count as savings if I have to spend it later, right?), everyone is fed, and I’m paying more than the minimum on my credit cards. The problem is however, that there is no (capital N, capital O) money left over at the end of the month. Subsequently, I’ve had to defer my student loans-$30,000 worth, I am stuck with a car I no longer want-still owe $9,000, of which $4,000 is negative equity, and most months have to use my credit card to buy necessities at the end of the month (ok, ok, I put other things on there, too)-which as of March 7, I owe $4,800 on, but that is down from the $9,000 I owed 3 months ago.
Even though as I mentioned earlier, I have a sinking feeling in my stomach when the bills are due, I remain confident that I will reach ALL of m financial goals: being debt FREE (paying off my credit card and student loans, owning my dream car, and vacationing using cash) and providing the best foundation possible for my children (contributing plentifully to their educational IRAs and making other long-term investments) . I believe with education, determination, and support from you all I (we) can do this!