It’s only the beginning

For the past 6 months or so, I’ve read a lot of finance books and blogs. There is so much I’ve learned financially that I wish I would have known 10 years ago. Maybe if I would have stuck with my initial career path then I would know this. I’ve always had a love for numbers.. but as I get older and we don’t deal with numbers a whole lot as a floor nurse, I think I’m losing some of the basic math skills that I could easily just do in my head before. Now my husband is the one always answering me when I ask how much this or that is? He is always giving me crap when it comes to leaving a tip! It’s like my brain can’t even add or move a decimal anymore, which makes me sad. Continue reading “It’s only the beginning”

How much debt is too much debt?

When is the last time you sat down and added up all of your debt? It is so easy to just get carried away with spending, especially if you have multiple credit cards.

This past week I sat down and totaled up all of our debts we have. As much as I’ve been wanting to take control of our finances, I had yet to do this. I was actually quite surprised with the final number. Our current debts amount to roughly $240,000.

Seeing as you can barely buy a new house equivalent to the size of ours in our area for less than that, I didn’t think it was too bad! Our mortgage and J.C.’s student loans take up the bulk of that number, coming in at $199,000. So the other 41 of that is our car, several credit cards, furniture, and a family member loan. Continue reading “How much debt is too much debt?”