Using Money Wisely

I think everyone wants to be out of debt, and to have extra money every month. Most of us realize that the “easy” options like bankruptcy and debt consolidation have big draw backs - like killing your credit. What if you could quickly eliminate your debts, even your car payments and your mortgage, without significantly changing your lifestyle or harming your credit? Sounds impossible huh? Well, here is my story:

About 3 years ago my husband and I made about 50,000 a year and had the following debts:

60,000 mortgage
30,000 truck loan
5,000 car loan
3,000 credit card
3,000 student loan
2,000 back taxes
500 misc small debts

Now, we weren’t about to go under, but we were living paycheck to paycheck. If the car broke down we had to put it on the credit card, we never had much more than a few hundred dollars in the checking account either.

So we made some changes and as of today we are still making about 50,000 and this is a list of our current debts:

53,000 mortgage

That’s it. We are still in the process of paying off our mortgage; the plan is to have it paid off completely by 2012. Not bad for a 30 year mortgage started in 2002! And it is not like we have been suffering. In August the 5 of us (myself, hubby, and our 3 kids) went to Disneyland in California.

So how did we do it?

The short answer- We changed our lives in lots of subtle ways that were barely noticeable in our day to day life, but made a huge difference in our finances and our long term goals.

The long answer- That’s what you will find here!

This site is in it’s baby stage- come back and visit often as I get new information added!