Recognition of a problem is the first step to recovery. Our problem is that we've recognized for quite a few years that we have a problem with spending more than we should and not saving enough money.
We've also known for years that budgeting is the only way we could overcome this addiction to debt - but 'budgeting' always seemed like an abstract thought. In theory we would budget, but we never implemented a real working budget that we stuck to. We would give into impulse buys.
This last week we have implemented a budget that we will be implementing this next paycheck. After 3-1/2 years of having the debt build up and weigh more and more upon our shoulders, and with me out of the workforce to stay home to take care of our little lad, I we feeling quite despondent over the amount of debt we have compared to the amount of savings. About a week ago, as I was looking over the amount of debt we have and how it will take us about 4-1/2 years to pay it off, I seriously considered getting a part time job at night when my husband would be home to watch the lad - but then I knew that I just couldn't do it.
And then a heaven-sent thought came to me, it said, "If you budget, you can eliminate the debt sooner." I knew it was a true thought and principle and that I should follow it - so we set up a budget and a plan. I invited my sister to be a contributor to this blog so that we can encourage each other in our own "debtors anonymous" as we slay this nasty beast.
More to follow!
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