Reply to Earning Well but Drowning in Debt...how to dig out?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]^Good for you pp!  You paid off $7500 in CC debt and 60K on your second mortgage in ONE year??  That is amazing![/quote]

God willing, yes, we will be at that mark come March. Then we can refinance the first mortgage and hopefully drop our payment quite a bit which will, in turn, allow for a lot more money to be spent towards the remaining debts. I just remember having the epiphany, about 18 months ago,wondering why we were making $265K per year and still living paycheck to paycheck, with little savings (emergency fund) in our account. It was a wake-up call. Never again!!!!!!!
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Can you link to your post from last year?  I'd love to see all of that advice. 
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Will do, it may take me a while but I'll find it and post it for you.[/quote]

Here you go.  Seems like a lifetime ago, but we've made tremendous progress.  God willing, we'll be able to continue dedicating every extra penny each paycheck towards the remaining debt, and should be out of our hole in just about two years from now.

So, OP, just remember.  The first step is realizing the problem, the second step is mapping out the root causes of the problem, the third step is creating a strategic AND tactical plan for wiping out the problem. You're at step one.  Steps two and three shouldn't be too far behind.  Best of luck to you.  Your kids are so young, they won't even realize you've hunkered down with your money.

I remember your post! Way to go

http://www.dcurbanmom.com/jforum/posts/list/446553.page [/quote][/quote]

Ha ha, I'm infamous! Thank you, PP. I don't want to hijack the OP's thread here, I do hope the OP is following these recent posts from me, and the hurrahs from you all. It can be done, you just have to buckle down and stick to the goals. We're all human, we make mistakes. Hopefully, we learn from them. I know I have, and I hope this encouragement to the OP shows her that she can, too.  You can do this, OP!![/quote]

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