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

Forum Index » Money and Finances

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

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]We got out of consumer debt that was just over 100k in 18 months. Our income is about 100k higher than yours, but we do have an AuPair so our childcare expenses are pretty high.

The key is we have a pretty low mortgage due to living in Loudoun county. A crutial piece of info missing is what's your housing expenses and equity?  Because people telling you to pack your lunch are really good missing it. Packing lunch won't dig you out of this.

What we did was went through every single bill and figured out ways to lower it, we then tracked ALL spending each month and each month fought to lower it. We removed our kids from travel sports ( they survived). We not only paid off the debt, we now have a quickly growing cash savings. We are up to 40k in cash now.[/quote]

I'm sorry, what? Your HHI is $378, and you have a measley $40K in cash???? You have not paid off your mortgage? WTF do you spend your $$ on? How can you not save a lot of $$ on an HHI of nearly $400K??

Consumer debt of $100K??? How do you do that? Big screen TVs for every room including all the bathrooms?

I live on a fraction of your HHI, and have a great life, no debt, one kid in private schools, great house in lovely area, take nice vacations every year, eat at nice restaurants, etc. How do I do it?  I don't buy a lot of crap!! That's how I do it!!

BTW, I have no mortgage and more cash then you do on my pathetically (by comparison) small HHI. I'm rich compared with you!

[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics