How We’re Digging Out of Debt: The Good, The Bad, and The Ugly

As with many things in life, we didn’t make 1 giant mistake with our finances all at once to get ourselves into this mess. We made 100s of small mistakes here and there, and slowly enough that we didn’t really notice what a bad spot we were getting into.

Starting Debt (01.01.19): $126,310.77
Current Debt: $109,299.87
Total Paid Off: $17,010.90
Income Going to Savings: 2%

So I’ve written a lot about how we got to where we are financially, and now I’d like to talk to you a bit about what we’re doing to correct our situation. This is 100% our story, so please be mindful that the approach we took may not be the best approach for you and your situation. I’m hoping to share just so that you can pick up a few tips along the way.

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I had these co-workers once who thought it would be really funny to take my adjustable desk and rotate it down a quarter of a turn every single day. Each morning before I got in, they would ratchet it down by a small fraction of a turn so that it effectively got just slightly lower every day. The problem was that they did it so slowly, I never noticed. I just slowly adapted with my desk.

The co-workers finally got so frustrated by my lack of response that they came clean and yelled, “WE HAVE BEEN DOING IT EVERY DAY, HOW DID YOU NOT NOTICE?!?!?!”Read More »