We started this year with NINE credit cards that we haven't used in a VERY long time.
As of January 1st 2011 our credit card debt was $23,999.21.
I don't know how that happened.
The overdraft which is totally a credit card but I don't group it with them was $282.
I'm not even going to mention the car loan, the mortgage or the equity line. Nope. Not mentioning those.
That's the run down $24,281.21 of unsecured debt.
I'm totally ashamed now.
Thanks for reading.
If I didn't think that I would be putting a HUGE dent in the above mentioned debt I would have never admitted to it. My hope is that as this year progresses mine will be a success story. A story of freedom, growth and accomplishment. I'd like to be an encouragement to others who feel doomed, trapped, and overwhelmed by the bad decisions they foolishly and blindly made like me.
I am NOT declaring bankruptcy.
I am NOT going to walk away from my debt.
I WILL be responsible. I WILL pay it back.
I will eat less, avoid starbucks with every ounce of energy I have, and wait for things that I want right now but cannot afford.
I will spend $12 a day and get out of debt.