this is our journal, about our journey. we are a family of four, two boys in elementary school, and i am 36, my wife is 32.
i guess i should start by outlining my poor management and other mistakes that led me to this site.
last year i realized that i was struggling to make payments on credit cards. how did i get there? i was struggling, but it was because i was spending money left and right, a lot of it on things i didn't need. we had slowly fallen into this pattern of spending more and more money over the past few years, since we didn't have any car payments anymore, and we had been paying extra on or mortgage. we felt really good about ourselves.
then came our mistakes.
i (JD) spent money on a motorcycle, then a snowmobile, and snowmobile trips, and last year a cruise for our family. i knew i was spending more money, but hey, i was making $65,000/year, my wife worked part time, and hey "i deserved to have fun." my wife thought so too. credit cards we owned just for points, were turning into a regular habit. (more on that in a minute)
by summer of 2010, i had given up on making extra mortgage payments, and was often making minimum payments on our credit cards. all these weekend trips snowmobiling and motorcycling had made my wife feel like she deserved to spend money too, and she was floating a few department store credit cards that i was pretty much unaware of. our little agreement was the i didn't have to see the money she made, but she was not supposed to come begging for money for clothes for the family or for groceries. this was a bad idea, because we had no accountability, and every time i suggested we had a problem, we ended up fighting about who's fault it was.
i knew i was heading in the wrong direction, but i didn't know where to start.
to be continued...