Why am I even talking about this stuff....accountability. Some people think that I am "hiding" something because I don't detail every purchase that I make to the world. Did I buy a coffee and a bagel the other day....YEP. Do I feel bad about it......NOPE.
I think I am more transparent than some bloggers....probably less than others. But I am not hiding anything. And while at times it appears that I am justifying the debt....the bottom line is that sometimes over the course of 5 years we made decisions that weren't always popular, but they were the decision that we made and live with. Some were better than others.
Way back in the day, we thought we would be out of debt by now. That is when I thought that debt reduction was a straight shot. I just didn't get that life still happens and that while the shortest distance appears to be the right path, more than likely you will take the scenic route.
Because I want to focus on the positive...let's just get the negative out of the way. I started here with $76,649 of debt. At that time it consisted of several credit cards, student loans, a car loan, and medical debt. We did have a retirement loan at that time, and for the life of me I don't know why I didn't count that in the total (which would have brought us up to 84k-ish). I probably was playing a mental game and couldn't deal with that number so I chose not include it. Additionally, since the retirement loan re-payment comes directly out of G-man's check, I probably didn't really think of it as debt. It is flawed thinking....but my thought process 5 years ago was different.
And 5 years later, it basically contains the same components. They are different manifestations....we still have CC, student loans, car loan(s), and a retirement loan (which consolidated our CCs, and then we stupidly managed to run a CC up over 2.5 years)...but all that has happened is a reshuffle. Yes, the numbers are lower (new numbers will be up on Wednesday). But the basic areas of repayment haven't changed. Whoop. Pee.
We have made many MANY mis-steps over the past 5 years. We have WAY overspent on food/eating out (bad habits which started because G-man was working AT the grocery store and we are starting to break). We have failed to budget for some things (clothes for the kids, house stuff) that we KNEW we would have to deal with. We made some "want" purchases (nothing major, but it all adds up).
I have lost track of how much "debt" we have ACTUALLY paid. While it looks like we have only paid 15k of debt from the 2009, it is way way more. WAY MORE.
- We have run stuff up on the credit card (whether is was for the numerous Murphy issues like car stuff, or more car stuff, failure to plan, little wants here or there is irrelevant...it was paid for on credit). We have run up, then paid back...rinse and repeat. We have used the credit card as a stop gap more than we should have. We have tried to use our CC as a tool, and have done a piss poor job at it. We would start off ok for awhile, and then the slow creep happened, and here we are. We did it, we own it, we pay the price.
- Additionally, we took out the current retirement loan that consolidated the CCs we had and have been paying that down over time, but that loan really just renamed the CC debt we had at the time.
- We have had 2 cars DIE on us, and spent way too much money trying to revive them. ( I was going to give you some links, but there were so many of them.....sad sad sad.) That was just a fundamental difference in how G-man and I wanted to handle the situation. We took out a new loan for each car we had to replace (12k + 6k loans for vehicles, and have paid back roughly 8k of that). And that doesn't count the 10k we paid on G-man's previous car loan that we had when we started). ****While I know many readers disagree with our replacing of vehicles....we did what we needed to do for our family. I stand behind the decision to get "new to us" cars.
- Medical stuff has always been up and down. We paid off the "original" hospital bill, but then I had surgery and Bossy had some procedures. We lost our waiver on the DME, then we had some of that waived and we paid off the balance. I have had a root canal and a cavity filled, along with regular dental visits....and insurance has paid almost nothing.
The student loans are probably the only thing that just are what they are. They haven't gone up since neither of us are in school. They just get a monthly payment, and they are at the bottom of the debt repayment list.
The bottom line however is that we are still in considerable debt. Yeah, that isn't something to shout from the roof tops.