So go back to spring of 2008. Im making $32k as a manager. Mark is making almost $50k. Life is good. Our credit cards have low balances and what balances they do have Im making $100 payments too each paycheck (I only have about $1k and not all of it is used) and he pays the balances as close to 100% each month.
We have an apartment together with Matt, who is injured hasnt been working. And then, I lose my job. Mark picks up my slack saying he will pay my rent if I continue to pay down my bills. I go from $32k to $10k. Working part-time. Mark urges me to get a fulltime job. Im resentful. Ill get fulltime where I am soon. So I think.
Mark starts putting our rent on his credit card, the one with the 21% interest rate. We move to Texas. And Mark loses his job. After 3 months of looking Mark starts making $9 an hour. Maybe $9k a year? And I finally get fulltime which they claim is $21k a year.
So here were are all credit cards maxed out. His VISA @ 21%, with $6k. His AMEX @ 8% with $2k. My BOA @ 16% with $350. My CO @ 23% with $289. And my BBY @ 0% (if its paid by a certain time) at $187. Plus Mark owes money to his college($300) and for medical bills ($600).
So thats almost $9k. Plus his car loan and we are almost at $20k. Sigh.
Well the good news is, at teh end of the month my bby card will be paid off. We will be making payments of $550 each month (spread out on the cards) towards our debt. If we follow that plan our debt will be paid off in 18 months. But thats not good enough. I dont want another year and a half of penny pinching.
We will have our tax refund in february and add that to our debt, hopefully knocking off $1k. Mark and I are already (though not as actively as we want) looking for better or second jobs).
Our goal is by April of 2011. While I will also be saving up for school (I need $3k to start), buying plane tickets for weddings and visits home ($600 a pair) and other crazy things like life.
Wish us luck.
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