"Debt is normal. Be weird" ~Dave Ramsey
With the great basement swimming pool installation of 2011, I took out a loan against my finally paid off car to pay for it. This was when I decided it was time to be more responsible, get rid of some debt and get some actual cash in that savings account I'd been nursing for years.
Let me preface with I'm not a total Dave Ramsey follower, but I have utilized a few of his principles to help me stay on track and not find myself in this dire situation again. Because I already am doing a few things on the 7 Baby Steps (out of order) I continued what I was doing, but tried to follow the steps to catch up (and I'm still chasing those steps, I never catch up)!
I am a big fan of the debt snowball. I had my doubts when I started this whole ordeal, but I can't even tell you how good it felt to say good-bye to a monthly payment, no matter how small the payment or balance was. I am now down to my mortgage and student loans, charging on! To help loosen up the purse strings to be able to really apply some $$ to those monthly payments, I started using the envelope system. Here's a little story about my 'envelope system'. I am still living paycheck to paycheck, but at least what I owe other people is getting smaller and that is great feeling. I'd still say I'm a long ways from having money though!
I'm happy to report that I have my title back! Just in time to try and figure out a way to pay for another disaster, but at least I'm not still paying for the last one this time! And with that little title back in my hand, I make another checkmark on the Dirty 30 list!