SanDiegogirl

I just figured out that for every $50 I can pay extra toward debt it makes the payoff date one month closer. I think this needs to be tangible savings-cash. I want to put it toward my personal credit card

With the snowball calculator I figured out if we change nothing we will be out of this mess by March 2014. That is actually better than I thought….let’s hope for big tax returns and a bonus. All extra money must go to debt.

We have darn near 100,000 dollars just in credit card debt. That is not including the two cars we have loans on or the house. After speaking with three lawyers I have learned that we cannot declare bankruptcy b/c of our income. Yet, we have NO money left to live on after paying our monthly bills. And we are getting nowhere on this. We have closed all of our credit card accounts and have totally cut all the fat. From my calculation it should take about 5 years to get this paid off. Oh, that is counting on the fact that nothing unexpected happens-oh, like the car breaking. Just found out today that it will be $500 to fix the defroster on the car. In the dead middle of winter. And there is nowhere to get that money from. Maybe I should change this goal to try not to let this money situation get the best of me. It is ruining my life. I can see what mistakes we made in the past, but wish there was some way to have some forgiveness to get out of it. The worst part is that my son has to sacrifice for mistakes we made before he was even alive. Oh there is so much shame and regret.