fairestoneofall

So, we sold off a few stocks to pay off another credit card….this one has a whopping $6000 balace! Once we get the check from our brokerage this one will be gone. Two more big ones after this and we’ll be down to just our vehicles and mortgage. Our savings is still crap and we are still broke as soon as we get paid….but hey….we’ve got our faith, our health and our beautiful babies!!!

I quit my job almost a year and a half ago to stay at home with our brand new (and first) baby. To our surprise baby #2 came only 13 months later. So, now we’re minus my $40K+ income and we are now paying $700 per month out of pocket for health insurance that we didn’t pay when I was working(I have med. issues). During this time our savings has been depleted to what I consider nothing and our credit card debt has increased. With the costs of childcare it’s not worth me even attempting to go back to work.
We attended a financial seminar last week and we cut up all of our credit cards when we got home. Our plan is to use the “snowball” effect to pay off these debts (everything minus our house and cars). My husband and I are on fire about this and I hope we can maintain our enthusiasm. I paid off two store cards with small balances this week and it felt good, I’m hoping to pay off one more at the end of the month and then we will start tackling the four monsters (three with over $3500 on them and one with WAY more than that).
I hope this is possible…...