One of my new debt blog finds is debtconsolidationcare.com . This site is definitely interesting. It is a getting out of debt community. There a lot of useful tools at this site. There are some finance calculators including a debt to credit ratio one. (don’t ask about my obsession with calculators, i am a little quirky). Debtconsolidationcare.com even has a nice chat room. I think that could be handy if you have a quick question or thought and need some immediate feedback. I like the way it is set up because even if no one else is on, you can run it in the background and get a nice little ding when someone enters the room. You can even do a little private chat. I am glad I came across it. There are some really good tips on there.
Feb 262008
Feb 132008
Everyday I learn something new and that is one of things I love about the internet. It really makes everything available to you. You are able to feel a sense of community which I absolutely love. I discovered a new blog that I really fell in love with right away, Dimple’s Divine Domain. Today one of the posts asked a very good question, when dealing with debt do you put all your money towards paying down your debt or do you build up your emergency fund. Right off I thought, “Well you pay off debt, you are getting charged interest everyday so that makes sense”. After reading some comments I read an interesting point. If you put all your money towards debt and an emergency comes up most likely you will have to put it on credit and that defeats the purpose. I never thought about that. The best answer to that question for me would be to divide my money between both the debt and emergency fund.
Feb 122008
I remember, as recently as October, how excited I would get when I got a credit card offer in the mail. I would get excited because it meant I would be able to go shopping. Even last summer I was applying for every preapproved card offer that was sent my way.I noticed today when I was going through all the mail, that I have been putting the credit card offers in the shred pile.
Without even a second thought I am doing this. I am so proud of myself! I am really changing the way I think about money and credit.It may be a small step but it definitely is a step towards getting out of debt.
Feb 092008
Ok, I am ready to do this now. It took some thought but I think I got it. This is from Day 2 of fixing my finances from The Simple Dollar. My one year goals are:
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to have $1000 in emergency fund
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to have at least $800 in Xmas fund
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no longer have a car payment
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refinance mortgage
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start an IRA for myself
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start bringing in some type of income
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not have a single NSF(non sufficient funds) fee for the entire year
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