My son went shopping yesterday for a new bathing suit. He came home with a new Speedo, and a department store credit card. First, let me clarify that the Speedo is a pair of swim trunks, and not the piece of stretchy material that is typically imagined when one thinks of a Speedo. Now that we have that particular visual addressed, I’ll get back to the issue at hand — his first credit card. My son is a recent college graduate. He’s 22 years old, so clearly an adult who can make his own choices. And yet, I feel extremely protective (and …

Talk to Your Kids About Credit Cards & Debt Read More »

Debt Repayment Documentation This is the first *official* post documenting my family’s debt journey. Who’s excited?? Haha Through this, I’m trying to get a grasp on and form some structure around: –  What we’re paying out each month –  How much of that is actually reducing the balance –  What amount of debt is remaining First off, I’m finding the amounts are not balancing out perfectly. But I’m hoping this will all make more sense & be a little easier going forward. And really, the bottom line is to make sure the balance is going down and not up. Because if I’m doing …

Starting the Journey – Getting Out of Debt Read More »