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Archive for December, 2006

food food food

December 15th, 2006 at 12:08 pm

So today I totaled up my expenses for food during the month of November and my expenses for food alone/eating out were like $127 for November. That was only fast food and coffee. I couldn't believe it! That didn't even include groceries. No wonder I'm in debt. I have cut down on the coffee shop but I still sometimes forget my lunch and end up going to Wendy's or McDonalds. Not the best plan. So for the new year I'm going to try and make sure I have my fridge at work stocked with enough food for a week of lunches. Then i won't have an excuse to eat out. Does anyone else have this problem?

I really appreciate the notes I have received so far in response to my blog. It has made me feel hopeful.

debt nightmare

December 11th, 2006 at 11:54 am

I am in trouble. I have eight credit cards and about half of them are maxed out. I have a total of $56,147.34 in credit card debt. I also have about 35,000 in student loan debt. I am current on all payments and my credit score is actually okay (701). But I am drowning in these credit card bills. My average interest rate is %17.31. It ranges from 29.9% to 1.9. I approached a consumer credit counseling agency (the good kind) and they said that debt consolidation would not work for me because I already had good interest rates (this was before they were raised to 29.9%). I have taken on a second job with the hope of paying down my credit card debt, but it seems the more money I make the worse it gets. My income is $31880 gross from my main job, plus $1,100 per month from a trust fund and another $500 a month from my second job. I also have no assets--I rent an apartment.
I haven't seen anyone out there with no assets and this much debt who was trying to pay it down. The highest I've seen is like $30,000. Are there any other people like me out there? If so, please write and let me know if you have any advice.