The startling find I made while de-cluttering: Our debt-reduction chart . . . from 20 years ago!
DH = Dear Husband
“How To Get out of Debt And STAY out of Debt”
Every once in a while, I come across the title of a blog post that goes something like this: “How to Get out of Debt And STAY out of Debt.” My response to such titles has always been, Why would anyone need advice on how to “STAY” out of debt once they’ve dug their way out? – and I move on, in search of a post that speaks to me.
DH and I have been on a journey out of debt for three and a half years now. Our story is a common one: Bad money habits, followed by financial crisis – in our case, a prolonged period of under-employment for DH – followed by better fortune – in our case, DH’s successful launch of a home business – and the resolve to manage better. Since June of 2012, we’ve knocked an average of $3,300 per month off of our $257,000 grand total of consumer, business, and mortgage debt, leaving us with $116,000 (mortgage only) to go. Once it’s all gone, are we really going to need advice about how to “STAY” out of debt?
Over the Christmas holidays, I set aside an afternoon to de-clutter one bedroom cupboard. It was full of “keepsakes” – everything from our daughters’ childhood works of art, to years’ worth of birthday cards, to old newspaper clippings . . . I threw out about half of it and organized the rest. The most startling find of that afternoon’s effort was a hand-written chart, taped onto two pieces of large yellow construction paper glued together, with the title, “The Slow and Painful Death of our Massive Debt: March 1994-March 1997.” Déjà vu!