Chasing the Bull

OK. So I may be a little late to the whole debt snowball revolution. As I have a 19-month old son, baby steps had a completely different meaning to me than it may mean to you. I have been cruising along, rather ignorant of the fact that I am drowning in debt.It is pretty easy to get into the argument of “good debt” versus “bad debt” but lately I am starting to believe that all debt is bad debt. If I did not have my student loan payment, I would have $100 more to invest (or spend) each month. If I did not live off of my credit cards while incurring that student loan debt, I would have an additional $400 extra each month. All said, I owe $18,000 in debt other than my mortgage (which is huge in and of itself).

After reading The Total Money Makeover this weekend, I have decided to begin my own Money Makeover. Searching the net, I have found numerous writers that have eliminated tremendous amounts of debt with a lot of hard work and maturity. Over the next few posts, I will be outlining my money makeover path.

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