Goodbye 2015: The Year in Debt Review

Posted on by Double Debt Single Woman

 

BYE-BYE-2015

It is that time of year again…

My 2014 Year in Debt post summed up the happenings of 2014.  And I still want to be the ‘umm, no’ cat in that post when I grow up. 🙂

2015

In 2015, I started off the year in high hopes. I was eagerly awaiting the grizzly end to my evil credit card.  By the end of February, I’d paid off my credit card debt. $30k in credit card debt gone! I felt great about my accomplishment. Two weeks later, I landed in the emergency room. I had developed a health condition that could no longer be ignored. Several tests and doctors visits later, it was determined that major surgery would be required.   Read More

My Pear-Shaped Q4: Why I’m Back in Credit Card Debt

Posted on by Double Debt Single Woman

 

Credit-Card-Debt

As 2015 draws to a close, I am yet again in the shackles of credit card debt. How did I get here…again?
It’s confession time…

After I paid off my credit card debt earlier this year, three things happened that landed me back into the grasp of Evil Credit Card Company.

ONE – I fell ill with a health condition that required major surgery. I had an emergency room visit, many expensive tests and specialist visits. When all was done, I spent over $6,500 in out of pocket expenses relating to diagnosis. I thus more than maxed out my out of pocket limit for my high deductible health plan. I also spent an additional  $3,500 flying my mom out here and housing us near the hospital for two weeks (long story) during and after my surgery. That totaled about $10k that all went on my credit card between March and October.    Read More

Taking an Undesirable “Beater Job” to Pay Off Debt Faster

Posted on by Double Debt Single Woman

 

beater carcp2

If you’re familiar with Dave Ramsey and other personal finance writers you’ve heard of the value of driving a ‘beater car’ for getting out of debt.

What is a Beater Job?

When I talk about a ‘beater job’, I’m not talking about a side hustle or part-time work. I’m referring to a full-time, 9-to-5, ‘career job’.  If you’re in deep, massive, six-figure debt, like yours truly, you may find yourself having to decide how much your current job is really worth to your financial future. Should you jump into a not so great position just for more money to pay your debt faster?    Read More