- To be completely debt free including the house.
- To cancel my last remaining credit card.
- To spend only cash, with the occasional use of checks and debit cards, to pay bills or make major purchases.
- To have $10,000 in an emergency fund.
- To have a portable source of income so that I can travel more.
- To pay cash for a nice car.
- To have enough money in savings to cover a year's worth of bills (which should be easy once I have my debts paid off and only minimal monthly bills).
- To develop sources of passive income.
- To pay my taxes in full and on time.
- To write a book and have it published.
- To make wise decisions not only about my finances but also about my health, my future, and my life.
- I have literally been in debt since I was 16.
- I have not lived without a credit card (actually a handful of them) since I was 18.
- I have never had an emergency fund.
- I've never had more than $100 in savings, and I always end up spending even that.
- I've never paid cash for a car...I've always paid years of car payments or lease payments for them.
- I have the bad habit of juggling my debts, bouncing checks, and making bad financial decisions.
- I have one bankruptcy, two car repossessions, and lots of late payments on my credit record. Ugh.
- I cringe when I get a letter from the IRS...and I cringe often :(
- I'm inspired by Dave Ramsey!
- I hate creditors, predatory lending, over limit fees, late fees, and fees in general.
- I want to control my money instead of my money controlling me.
- I have always been held back because of my debts--can't travel more than a couple of weeks because I need to get back and work, can't buy the latest gadget with cash because I am always broke, can't whisk the hubby away for a nice vacation or surprise him with a really cool present because...you guessed it, I am always broke!
So I am starting now, this minute, to get my (financial) life in order. No more debt, no more credit...I am in control. Period.
Lawd! That sounds like the former me! I have one foot in the old world and one foot in the new world. I look back at the old Michele and want to slap her (OK, really work her over and send her to the hospital). It has been a work in progress, but I do see the light at the end of the tunnel. Good luck! I will be reading to see how you progress (and to help keep me on my toes and inspire me).ReplyDelete
I found Dave Ramsey in late 2004 (it must have been divine intervention). I have fallen off the wagon a few times because I am the only one living this way, but the outlook is sooooo much better than it was in 2004.
I have 2 more debts to knock out (I knocked the IRS outta my life in October). I have to remember that it only gets me to Baby Step 3 (not total freedom).
I totally laughed at the $100 in the savings account. Yeah, I don't even know why I would call it a savings account...it couldn't stay in there to save its life. =o)