Becoming Debt Free in 2009

February 27, 2009

Money Isn’t Everything

Filed under: Goals,Journey to Debt Freedom,Kids — ambercouric @ 10:42 am
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Thanks to everyone for your input on the resume issue.

I have been giving some thought to the issue of working.  I think I have said before but if not I’ll say it again, I like my life.  I like being home for my children, baking muffins for breakfast, carpool in the afternoons so I can hear about the day and all the other things that go along with being a stay at home mom. 

I’m not sure that I want a job.  The more I thought about it the only positive was that I would be paid.  I would have a regular check in my bank account.  But what would I give up to have this?  I would give up time with my family, the opportunity to do much of the volunteer work that I have done for the past 15 years, and the freedom to just do what I want to do.

I have four years before Kennedy will be off to college.  I don’t think I’m ready for a career.  I may consider a job once I’m an empty nester but right now I’m happy being mom, wife, volunteer, and PF blogger.

For me the right decision is to continue to do the same things I have done for the last 15 years.

February 24, 2009

Help Job & Resume Questions

Filed under: Uncategorized — ambercouric @ 10:20 pm

I have been saying for the past two years that if XXX position came open I was going to apply.  I just found out that my dream job has an opening.    Here is the problem.  I haven’t worked in 15 years.  I have no “job experience” for the position.  I know the job and everything it requires.  I have been sort of doing this for free for about 3 years for individuals.  My past career has absolutely nothing to do with this new position.

What is the best way to state this on the resume?  Should I put my work experience that is more than 15 years old?  What should I do to sell myself to the interviewer?

I’m back and some good news

Filed under: Car,Debt,Journey to Debt Freedom — ambercouric @ 9:32 am
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We are all feeling better and things are slowly getting back to normal.  Unfortunately, I am behind on almost everything but I will slowly catch up.  No point in trying to do everything in one day.

I need to put the finishing touches on my take on credit card issuers and then I will post.  I’m only about a week late.

Now for some good news – I’ll go so far as to say some GREAT news.  Anyone remember when I started this blog back in October where I wrote about all of our debt?    I wish the great news was that we were debt free but it’s not.  Not yet anyway.  Everything has been paid off except for the car.   We still owe $6,200 on the car.   The car will definitely be paid off in  2009 but I’m not sure exactly when.  We have a big expense coming up in August (more about that later) and need to save a little more to cover it.

We are $6,200 from DEBT FREEDOM.

February 19, 2009

I’m Running Late

Filed under: Uncategorized — ambercouric @ 10:19 am

One reason I hate to say that I will make a certain post on a certain day is that something always comes up.

Looks like this virus / flu lasts much longer than I expected.  So I’m running late getting the Credit Card posts up.

I apologize for not having yesterday’s and today’s post ready.

February 17, 2009

Credit Cards – Cardholders (#1)

Filed under: Credit Cards,Dave Ramsey,Debt — ambercouric @ 10:19 am

I have thought about this post for some time.  I have come to the conclusion that I will need to have several posts to say all I want to say.  Today, I will discuss the cardholder.  Tomorrow, the card issuer.  Thursday, I will combine the two. 

 The cardholder.  The person who uses the plastic.  We come in various sizes and shapes and our attitudes vary widely on the use of the credit card.  I have only chosen a few types here and many people will see themselves somewhere between these categories.  This in no way represents all cardholders.  These are groups that I see most often written about in the PF blogs.

Cardholder 1 – THE REWARDS ARE MY FRIEND -is the person who can use the card, pay it off each month and collect the rewards.  There are many people in the PF blog world that are able to do this successfully.  These people probably have their financial house in order and understand that credit can be used as a tool.  By the way, these are the people that the credit card companies don’t like.  The companies aren’t making money from them.  These are also the people who are shocked when their card limit is decreased and the interest rates go up.  These are the perfect customers IF you are giving them a mortgage, car loan, or personal loan not  a credit card.

Cardholder 2 – THE MAJOR PURCHASER -is the person uses the card for big purchases and pays off relatively quickly.  Usually a few months maybe up to a year.  This person probably weighs the cost of the interest to be paid over having the item sooner.  This person doesn’t charge the daily expenses or buy just because they have available credit.  My guess is that this person carries only a couple of cards.  The cards aren’t maxed out and more than the minimum payment is usually paid.  This person understands using credit but isn’t as disciplined as cardholder 1.

Cardholder 3 – THE SPENDER – is the person with numerous cards.  Lots are maxed out and have high interest rates.  The spender may at times feel like the banks are out to get him.  The spender likes stuff or uses the credit cards to live.  The spender may use his card for groceries, gas, the day to day expenses. In the early days of the spender’s credit card  use it was probably cool to be able to get whatever he wanted immediately.  Initially, the spender planned to pay early and more than the minimum but month after month as the charges went higher and more cards were added this became a vicious cycle.  This is actually the person the credit card companies like the most.  The person is paying the minimums at a high interest rate.  Once in a while there may even be a late charge or over the limit fee added.

Cardholder 4 – CREDIT CARDS ARE EVIL and is no longer a cardholder- is the person who swears by Dave Ramsey and truly feels that credit cards are the worst thing in the world.  Their card went in the shredder, blender or it was blow torched.  This person can’t imagine why anyone would even consider carrying a credit card.  Most of these people were at one point  a cardholder 3 person but has been disciplined and gotten rid of all of their debt and vow never to be there again.

I am more like cardholder 2 – the major purchaser.  I can tell you pretty close to every transaction ever made on my credit card.  The $8000 I have been paying off since I started this blog was a new refrigerator, washer, dryer and sofa.   Now that I have it paid off I will plan a little better for major purchases.  But I will still use it for online orders and travel. 

What type of cardholder are you?  Can you think of another category that I left out?

February 16, 2009

It’s Coming

Filed under: Uncategorized — ambercouric @ 11:14 am

Looks like the awful virus has hit our house.  Hope to be back tomorrow with the my post on credit cards.

Have a great day.

February 14, 2009

A Lot To Say

Filed under: Random — ambercouric @ 10:26 am
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Over the last couple of days I have thought a lot about credit cards.  I have a lot to say both positive and negative but I think I’ll wait until tomorrow.

Today, I just want to say have a great Valentine’s Day.

February 13, 2009

Trouble with blogspot.com blogs

Filed under: Uncategorized — ambercouric @ 10:13 am

Am I the only one having problems getting blogspot.com blogs to load?  There have been a couple that would load but at least 40 that I have tried won’t.

Blogroll – Update

Filed under: Personal Finance Blogs — ambercouric @ 8:35 am
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I spent some time yesterday updating my blogroll.  The blogs on my blogroll are blogs that I check almost daily.  Most are personal finance blogs.  There are a few that are not personal finance but I find that I use the info for personal finance.

Now, if I forgot your blog and you read here please let me know.  I usually don’t add blogs until I have read them for a few weeks just so I can make sure they are relevant to PF.

Take a  look and find a few new PF blogs to enjoy.

February 12, 2009

Credit Card Debt FREE

Filed under: Credit Cards,Debt,Journey to Debt Freedom — ambercouric @ 10:01 am
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Anyone who reads my blog knows that I HATE my car payment.  I had all intentions of working to pay off the car first.  My husband on the other hand HATES the credit card payment.  So we compromised and decided to pay one debt in full.

We took our tax refund, tutoring money, regular debt reduction payment and a bit from savings and PAID off our credit card.  The reasoning is that with the car the payment is fixed and we can continue to aggressively pay it down.  Who knows what would happen with the credit card the way the companies continually change the rules.

I have no plans to cut it up and throw it away.  I like to use it for online ordering and air line tickets, etc. but I will not use it unless I can pay it in full.  I have never been one to charge day to day expenses so I am sure that this will work for us.  I will also remember how hard we worked to pay it off.

Wow!  What a feeling.

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