If you’ve been following my blog for some time, you know I’ve had my share of up’s and downs. And I imagine following along for the ride has been fun, eh?
Well, it’s about to get EIGHT times as fun.
I’m adding a whole new dimension to the blog here, by adding another 8 contributors to share their journey out of debt.
The 8 New Debt Bloggers at DebtKid
Note: The total debt amounts do not include mortgages, but do include any car loans or student loans. Each blogger will break out their debt in future posts.
Real Estate Kid – I’m 27 years old, I have a good career, own two apartments and drive a nice car. I also have approximately $30k in unsecured debt which is mainly due to spending more than I earn and taking advantage of 0% offers. It was just a few short months ago when I realized the balance transfer game caught up with me and making the minimum payments would soon be very tight. At the end of July my latest 0% offer will reset to a 15.99% rate. I’ve been working to pay off my debt since then with a goal of having zero debt by the end of 2010. My next goal after that is to save up to buy another property.
Debt: $37,938
April – I’m a 25 year old with many titles: mom, career woman, and fiancé. My eighteenth birthday was the same day my dysfunctional relationship with debt began. After six years of making a lot of bad financial decisions, I’ve decided to get my financial house in order so I can stop stressing and start living life to the fullest!
Debt: $93,177
RD – RD is a former Marine Corps IT geek and now works as a legislative analyst for a health care professional association in Washington DC. In college RD got hooked on online poker and lost tens of thousands of dollars that were paid for with credit cards and a home equity line of credit. Eventually kicking the gambling he set out to repair the damage done.
Debt: $96,000
Maeghen – I started shopping to fill the void that was left after a life changing family trauma. I have amassed around 30k in debt. Day by day I work on getting my debt under control but most importantly I work on myself too.
Debt: $30,000
Credit Cruncher – 26 year old single male overcomes the ups & downs and twists & turns of this thing called life! I will take you along on my rocky adventure to get myself debt free after livin’ the “good” life for far too long.
Debt: $61,268
Abby – Abigail Perry is (almost) 31 and lives in Seattle with her husband, Tim. They both have chronic health conditions that limit their ability to work. Despite relatively low income, they are slowly paying down debt.
Debt: $16,195
Debtor In The City - Sex and the city made life in the big apple seem so easy. Guess they didn’t have almost 60K in debt to pay down. I’m a twenty something year old dealing with life in the big city. Trying to balance having fun with being frugal is definitely a challenge. Hopefully, I’m up for the task.
Debt: $60,000
Jessica W – Jessica Ward is a full-time freelance writer and adoptive mom to two wonderful children. She writes to support her parenting/adopting habit.
Debt: $17,000
Total Debt: $320,063
Over the next week you’ll get to meet each new blogger. You’ll get to read their story, and get to know a little more about them. Going forward each blogger will contribute a few stories each week about their journey out of debt.
Please give them a warm welcome in the coming weeks! (don’t go easy on ‘em)
If you haven’t already, make sure and subscribe!
{ 11 comments… read them below or add one }
I love this idea! Can’t wait to see how each progress in their goals!
Yes, it should be fun. Maybe we can have some monthly contests of sorts.
I think this is an awesome idea. I think getting insight from people in the trenches is great.
i too love the idea! looking forward to “meet” them all in the coming weeks!
I’d be much happier if I didn’t have a reason to be here, but still happy to be here. Thanks for the welcome.
Hey guys! Jessica W Here. Looking forward to watching everyone’s journey to debt-feedom. I guess I forgot to mention in my bio: Most our our debts were incurred during our two adoptions in three years, though we’ve just paid off about $25,000 in cars, student loans, and the ilk.
Awesome idea, I look forward to hearing more about everyone’s stories! I think by sharing you’ll be helping a lot of people who have similar problems. Good luck!
I hope so. I’ve found in my own life that sharing is a great way to help others, especially in difficult times.
Great idea. Looking forward to seeing your progress and wish you the best along the way. Is this just all unsecured debt for everyone or does this include mortgages etc?
Thansk! I’ll be a subscriber for sure!!
I did the numbers based on what I received from all the writers, but I excluded mortgage debt. It does include student loan and car loans though.
Makes sense. I think it’s more helpful to exclude the mortgage debt (no matter your take on good debt/bad debt) and just include the big killers like credit cards, car loans and student loans.
My wife and I overcame a fairly substantial credit card debt when we were making next to nothing, so it can be done and it is a great feeling when you get there!! Best of luck to all you !!
Thanks!