Becoming Debt Free in 2009

April 6, 2009

I Have Nothing Financial To Say

Filed under: Financial Thoughts,Giving,Goals,Journey to Debt Freedom — ambercouric @ 9:48 am

When I started this blog I had what seemed to be a huge amount of debt.  You can see the breakdown here.  Nearly $20,000.  I was extremely motivated to get the debt down.  In the beginning, I was working really hard to change the way we thought about money.  We cut some things and decided other things were worth the cost.

Now, it is April and the last debt is well on its way.  I have about $5,500 left on my car.  While that seems like a lot we are so far ahead – I think the car is worth about $16,000 give or take a thousand.  Also, I have the amount set to pay so with making no changes the car will easily be paid off by September.

This brings me to the point of really not having anything to say about personal finance.   Although I am not debt free at the moment I know it is going to happen soon.  I can’t wait but right now being debt free just seems like waiting for Christmas.  It’s coming soon and I have a little of the anticipation but I’m not exactly fired up about.

The good news is that my life does not revolve around the debt.  I’m not constantly trying to fine ways to save a few dollars.  Since October I have made great efforts to save by not spending on things that aren’t really important to me.  I’ve given lots of thought to how and why we spend money.  So I guess I have grown up financially.

I’m  not sure where this leaves this blog.  I enjoy blogging when I have something to blog about but to blog just to write something down doesn’t interest me.  Right now my life consists of getting ready for boarding school for Kennedy, dealing with college stuff for Ashby, taking care of my dogs (trying to train the puppy to do all the cool stuff show dogs do), and volunteering for a couple of organizations.  We are planting a garden for the main purpose of being able to give the vegetables to the food pantry (of course we will eat some too) and spending more hours at the animal shelter because so many animals are being given up by owners who can no longer afford them.

I guess that I have reached my goal.  Although, I can’t give large sums of money to charity each month I can give both time and  money to help others.  I’m excited that I can see a need and my first thought is let me help and not can I afford to help.

I need to decide where I go from here.  Do I keep this blog and update weekly (which by the way drives me crazy) or do I move on to a blog that is more centered around my priorities and goals?

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March 11, 2009

Foreclosure Court

Filed under: Financial Thoughts — ambercouric @ 9:18 am
Tags: ,

I watched a little Court TV  the other day when they were showing Foreclosure Court in Florida.  Listening to the people talk to the judge made me feel bad for them.  Many had tried talking to the lenders and just couldn’t get anywhere.  There were several people that really seemed to put everything they had into making this work out.

Then they started showing people that didn’t seem to make any effort – one lady in particular said she was a title agent and she made her payments for two years and then her business went down.  She didn’t want the house she just wanted the judge to let her stay in the house for 6 more months for free until she could more with her husband to another state (he was there already).   EXCUSE ME but wouldn’t we all like to live FREE for six months?  Oh yeah, the judge gave her 60 days.

Another lady lived in a house with her elderly father and adult child.  She had to move within 30 days.  She hadn’t paid her mortgage in 18 months ( I think).  Now she had always had a job and her father was old enough to get SS.  She has lived rent free for 18 months.  She said she had NO money to move.  Exactly what was she doing with money for the mortgage for 18 months?  You know the original amount that she had agreed to pay.  I think I would have been saving that money because EVENTUALLY I would have to move.

Now I understand that some of these mortgages shot up several hundred dollars per month.  But if they stopped paying their mortgage what were they doing with the “amount they could afford”.  Where is all that money?

For those who lost a job or had a death in the family I understand not having any money.  But for those whose mortgages increased and they stopped paying what are they doing with all that money they are “saving”.

This mortgage crisis is a CRISIS but the home owner is not completely blameless.  I also know that there is another whole side to this but many of the people actually in Foreclosure Court seemed to expect the judge not foreclose on a property they lived in rent free for many months.

I do realize there are legitimate reasons to have a house foreclosed.  I understand many people are doing all they can to hang on to their homes.  Hopefully, the cases they showed on Court TV are the exception to the rule and not the norm.

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