Debt can drive people to suicide.
At one point I briefly thought of offing myself "accidentily" so they could collect my life insurance and become financially stable.
I probably shouldnt admit that here, but people should be slow to ridicule others who are facing financial hardships.
No, Im going to live hell or high water and make it over this self created crisis. And I will be stronger on the other side. My family will be financially secure then.
We both grew up dirt poor, never having much so the CC temptation was not something we were able to handle well.
Im ashamed of the poistion I put my family in.
We both work our A**es off and clear about 60k.
There are no easy ways out of a financial mess. You're going to pull it off with hard work, common sense budgeting, and discipline. And from your tone, I believe you've got the testicular fortitude to see it through.
Best of luck for you and your family.
Actually, my wife an I were talking on the way home from the Christmas visits yesterday about people and finances.
I really think that conservatives did many in their tent a dis-service when they came up with the phrase "class envy" to counter the phrase "conspicious consumption".
Instead of making encouraging a wary eye toward those whose life if about the toys, whether they can afford it nor not, it became a taboo to have "class envy".
There's a place for both, when kept in context. But a blanket sweep of "class envy" being taboo is not healthy.
Did anyone happen to catch the FrontLine special on PBS about Credit Cards? It was recently shown and then replayed. A real eye opener about how credit cards got started, etc.... A totally unregulated industry.
I know it is easy to get into credit card debt. Keep the faith and you will get out of it.