advice from frequently frugal folks

Budget101 Discussion List Archives Budget101 Discussion List advice from frequently frugal folks

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    • #249376

      I have been lurking on the board for a few days. I am married to my high
      school honey for 4 ½ years and we don’t have any kids. WE graduated
      college a year ago and the job market sucks. We don’t make the money we
      thought we would and our spending habits haven’t reflected the lack of
      income. We currently rent an apartment but would like to purchase a
      home. In filling out the loan application my eyes were widened by the
      debt that we owe. $80,000 alone in school loans combined not including
      $18,000 in credit card debt. The school loans are understandable to me
      and well worth every dime. Plus we consolidated those for 3% interest.
      We will be paying for them for 20 years but oh well I wouldn’t change
      that. Since we don’t have any kids and will in the future I would like
      to eliminate the credit card debt. Each month we pay off way more then
      the minimum but I would still like to do more so that in 2 years we have
      no credit cards (only 1 with a 0 balance). Also since we have no kids we
      have very few bills that have to be paid each month and a lot of ways
      that we could be frugal. Anyway, I am on a mission to downsize the
      credit cards along with my house so I decided to sell a ton of stuff on
      ebay. That is going well but no where near $18,000 is being sold.

      That was long and winded; my question is with all the things that you
      are frugal about what has the greatest return. My husband is leery about
      budgets and the whole 9 yards so I want to do something right now that
      will get him to say “hey, this can work and I am on board”. My husband
      and I are really bad at denying ourselves quick pleasures and are major
      impulse buyers. I just can’t believe the credit cards have gotten to
      this point and I really want to change it, learn from it and move on.

      I also feel, I’m sure like many others, that money comes and goes
      without every really knowing where and how. I need to get a handle on
      where the money goes and then control it. Any advice on that would be
      great.

      Trying to get spending under control,
      Tara

      [Non-text portions of this message have been removed]

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Budget101 Discussion List Archives Budget101 Discussion List advice from frequently frugal folks