Are We There Yet?

Currently, this is where my debt stands:

Car Loan: $4,197.94

Student Loan:  $18,080.42

Total: $22,278.36

I’m starting to feel like that whiny little girl on a road trip with her parents.  I know this debt-free journey isn’t for the faint of heart, but it does get…dare I say, a little boring.  I no longer live paycheck to paycheck since I’m on my budget, but in a way I still do.  The only time I feel like I’m winning is every two weeks when I make that extra payment on the principle of my car loan or see my savings balance increase when I add to my car maintenance fund or braces fund. Continue reading

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Start Looking Around

I’m dedicating this post to my friends who have hopefully been inspired to change the way they look at their debt and finances.

Debt is as much as a philosophical issue as it is monetary.  The way I treat money is different because I’ve changed the way I perceive debt.

Dave Ramsey always says, “The borrower is slave to the lender.”  That’s hard to argue with.  Each time I borrowed money in the past, I allowed myself to become beholden to the lender.  You no longer have control of your money, because someone else is entitled to a part of it.

A few years ago, I worked as a bank teller.  I’ll never forget a particular customer I had working in the drive-thru.   She drove up in a brand new Mercedes and was dressed very professionally.  Perfect hair, makeup, expensive handbag, dripping with jewelry.  You all know the type.  She wanted to make a withdrawal.  I brought up her account and… she had less than 20 dollars in it!  I was floored.  I just assumed she had money because she possessed expensive things. Continue reading