Ihave just recently found out that I have about 40,000 worth of debt, over half of that is student loans. this will be my personal tale of getting out of debt one bill at a time.
plan of action: simple; spend less and pay more bills, the hard part is that my income with two kids puts me below poverty level. The plan is to split rent and utilities three ways with my sister and mom. The hard part is that even with that I come up short every month. This will be very interesting at least, I will be getting out of debt $50 at a time at this rate. I am going to try to do this in a year. I will keep postings about my progress, my expenses and what I still owe.
Monday, July 7, 2008
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