About
We are a family of five and seriously in debt. We have a long term goal of becoming debt free, with a short term goal of getting out of credit card debt. Just how in debt are we? Well, right now I not comfortable in disclosing the numbers but it is a big number. Here is some information about us and our financial state in FAQ format.
First and Foremost – This site is in no way a financial advice site. If you use any method mentioned on this site, you are using at your own risk.
What this site is – This is a journal of the good, bad, and ugly of our finances. Right now there is a whole lot of ugly!
What kind of debt do we have? I think we got it all. We have a mortgage, credit card, medical, and student loans. And while not a debt, we have a big expense in day care (about $1,200/month).
How did we get so in debt? We bought a house. We had twins with no maternity insurance coverage. One income for five years. And my wife is going to school for her Masters.
What are we doing to get out of debt? Not nearly enough. But we have enlisted help from a Debt Management Program. But one of the main reasons for this site is to help me learn about our own situation, react to it, and then act to make a difference.
Something else you want to know? Just ask me!