Living with Debt

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Are We Too Open About Money? 

I read hundreds of stories online about personal finances and sometimes wonder - are we too open about money?  Talking about personal finances has become less taboo in recent years, but are there some things we should just keep to ourselves?  My parents and grandparents have mentioned in passing (quite a few times actually) that I shouldn't reveal so much about my financial life.  Their generations never spoke openly about money and generally kept everything under wraps.  You never knew if…

How To Fight Frugal Fatigue 

When frugal fatigue hits it can devastate even the most motivated of pdebt slayers.  I've been through this stage many times during my journey.  You're tired of being the one that always feels behind financially.  You feel like you're treading water and starting to drown.  It's a horrible feeling when you've been pushing for so long and progress just doesn't seem to come quickly enough. I'm facing my own frugal fatigue this month.  It's been one thing after another and…

Why It’s So Hard Talking About Debt 

Have you ever had a conversation with a friend or relative about debt that went completely wrong?  Or was just plain awkward?  I'm a huge proponent of being open about finances because I think it creates a learning experience for all involved.  I find that talking about my financial mistakes openly is beneficial for others as a learning experience.  I also enjoy others stories about how they've conquered debt or saved because it gives me hope and inspiration.  Reading financial…

How I Managed to Rack Up $17,000 In Credit Card Debt at 23

In previous posts, I mentioned that fun time period when I was 23 and managed to rack up $17,000 worth of credit card debt. I would love to say this is an intriguing story of a misguided youth trapped in a vicious cycle going down the wrong path.  It's more of a story about me acting like a complete entitled brat after college, but enjoyable nonetheless.  You have to admit, stupid money mistakes make people feel better when it wasn't them that…

How To Be Social While Paying Off Debt 

One thing I consistently struggle with is being social while paying off debt.  I'm single and in my 20's so most social events are at restaurants or bars multiple times a week.  On average I spend about $30 each time I go out.  That includes roughly 2-3 drinks and an appetizer eaten at the bar or shared with friends.  If I continued to spend $30 four times a week out that would be $120 a week, $480 a month, and $5,670…

Living Without A Credit Card During Debt Payoff 

One of the hardest things I've had to do during this journey is live without a credit card during debt payoff.  I have been a heavy user of credit cards my entire life.  I'll never forget the first credit card I got at the mature age of 16 ... I was able to get approved for my first card with my Dad as a co-applicant.  The limit was $250 and I felt like I was rich!  Absolutely rolling in the…

Why I’ve decided To Pay Off My Loans ASAP 

Pretty much every day I come across an article telling people not to worry about paying off student loans because they are "good debt."  Then in about an hour, I read another article saying you are crazy for keeping loans around, they're ruining your life, now please click some crazy link about a 22 year old who paid off $90K in 6 months. I'm in camp #2 if you haven't realized that by every other post in this blog, the title,…