There is one thing about this debt marathon that is truly satisfying. It doesn't have to do with seeing the outstanding balance shrink. It doesn't have to do with security. It's this: We are close to the point now that Chuck doesn't have to work. He brings in around $1500 a month for us. That's awesome for a part time job I think. This month alone we paid over $1400 to the HELOC. Yes, about $150 of that was snowflakes. However, we are truly getting to that place where if Chuck lost his job in this economy, we'd be OK. There are definitely areas in our budget where we could cut back.
We could do it. We could live on my income if we had too. That is a freeing and satisfying thought.
We're not ready to do that though. For one we still have debt and an un-refinanceable mortgage hanging over our heads. For two, if any sort of emergency came along, we'd be dead. No, Chuck will continue to work to help us pay off this debt at a fast pace and then to build our emergency fund.
It's nice to know he doesn't have to though.
About Me
- Cynthia
- I'm married (to Chuck), a mother (to Anya - 4 and Jamison - 2) and was in debt. Come cheer me on, give me advice and follow my journey as I keep my family out of debt and pursue our goals and dreams. E-mail Me
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1 comments:
That is good to hear. My husban lost his job in November so we are hoping that by the time unemployment runs out, we will be able to make it on my salary alone. He is just having a hard time finding work in this economy. Good luck.
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