Showing posts with label Save Mikala. Show all posts
Showing posts with label Save Mikala. Show all posts

Thursday, January 11, 2007

Mikala Almost Saved

Remember my Save Mikala confession a while ago? My confession of ridiculous credit card debt that snowballed after I bought the house? I have been stressing out over this debt for quite a while now.

As most of you know, I'm somewhat obsessive-compulsive and I can't stand to know that I have unpaid bills sitting out there. I can't stand to owe people money (which it's NEVER been easy for me to borrow money from people - if I ever have). Credit card debt is very cumbersome and a portion of that stress has been lifted from my shoulders.

My total credit card debt as of 8:00 this evening was $7600! I've never, in my life, been that far buried by credit card debt and I promised myself I never would. I always made fun of those people with a ton of debt that takes every cent they earn. Little did I know that it adds up fast and it is even worse when you buy your very first home. You never think of all the things you need to have your own home (since I haven't had a wedding yet, I had to buy EVERYTHING). Well, J gave me $4000 tonight to pay on credit cards. Now, I only have $3600 left to pay until I'm a free woman. After going over my finances, I've determined that I can have that $3600 paid off by August.

Can you believe it, I may be debt-free by August 31? I am so excited, I can hardly stand it.

Thank you Bubby, I love you more than anything and I love that we're able to work together to eliminate our debt.

Wednesday, November 22, 2006

Save Mikala?

Okay, so I have been following the blogs of Sheila and Leigh Ann. Both of these blogs are about the trials and tribulations of erasing debt. I just found out today that Leigh Ann has wiped out her debt and that's got to be the most empowering feeling in the world. And, just in time for the holidays. I'm very jealous. But, I'm very happy for her too.

I guess I'm wondering if I have a problem with debt. I would love to focus my time and energy on paying off my credit card debt, but I'm not sure I want to face the truth yet. I'm not sure I want to tell everyone online how much I owe. I'm actually very good with money and I had no problems whatsoever until I bought the house. Now, my credit cards are all a lot higher than I'd like and I'd love to be able to pay them off. I know I could do it, but I hate waiting for 2 years to do so. Let's just say, my total debt right now is...over $7500. I pay $100 every pay period on each credit card, but it doesn't leave much money to work with afterwards. And, my debt doesn't seem to be going away.

Okay...I guess the point of my post is...do any of you have any suggestions or tips? Any advice?
Do I need to be saved from my debt? I'm guessing credit card debt over $7500 isn't exactly good, right? Help me!