Disney Information Station Logo

Go Back   The DIS Discussion Forums - DISboards.com > Disney Trip Planning Forums > Budget Board
Find Hotel Specials & DIScounts
 
facebooktwitterpinterestgoogle plusyoutubeDIS UpdatesDIS email updates
Register Chat FAQ Tickers Search Today's Posts Mark Forums Read





Reply
 
Thread Tools Rate Thread
Old 06-21-2013, 09:22 AM   #1066
Doodlebug939
DIS Veteran
 
Doodlebug939's Avatar
 
Join Date: Jul 2003
Location: Fort Worth
Posts: 740

Quote:
Originally Posted by disney-inspired View Post
Hello, I'm a little late to the game for 2013 but what counts is I'm here right?!

I accumulated a LOT of CC debt, starting when I could first get a CC at 18yo (now 24, almost 25) and have been a slave to debt since.

I was unemployed from Jan to March, thank God unemployment kicked in quick and was enough to cover my bills and even put a little aside.

I started my current (contract) job in March and have since been renewed until Sept, when I hope to be renewed again for the full 18 months allowed.

I had 4 credit cards, 3 maxed out and one close to it
So far I've paid off one and am now snowballing to the next. Thankfully I get paid every week.

I'm currently 'in school' to postpone my student loans until I can get a permanent, full-time job.
I have a Disney trip planned for Sept 2014. So in addition to paying toward my debt each week, I am also saving some for that.
You are welcome to join the board at any time! Glad you are here. It seems that you are really focused on changing your spending habits and at such a young age so you should be proud.

I definitely recommend the snowball strategy because I feel that I have made a lot of progress. I am planning to go to Disney myself in November 2014. Seems so far away but if I wanted to pay cash for each piece I felt that I needed to clear out some bills and save so I didn't add any more debt to the stack. So while I am focused on debt reduction I know that next spring I can start to have some extra funds to set aside for the trip.
Doodlebug939 is offline   Reply With Quote
Old 06-21-2013, 09:26 AM   #1067
Doodlebug939
DIS Veteran
 
Doodlebug939's Avatar
 
Join Date: Jul 2003
Location: Fort Worth
Posts: 740

Quote:
Originally Posted by SpaceGirl View Post
[/size][/font]

I agree with your statement about self esteem and DEBT. It's hard to enjoy life when you know you have debt and just never see an end to it.

This effects so many other things in our lives health, weight, environment and personal relationships.

I know you can accomplish all your goals...Why? Because you have doing it for over 6 months now, even more important You know you can accomplish them.

Weight and Debt...you don't get either of then overnight, and you can't get rid of them overnight.
Thank you so much for your support. I am taking baby steps but in the last month I have really felt a sense of accomplishment. I try to look at how much better it will be at the end of the year when I post a year in review and share where I am and how far I have come.

I found your personal story to be so inspiring and motivating. Thanks for sharing.
Doodlebug939 is offline   Reply With Quote
|
The DIS
Register to remove

Join Date: 1997
Location: Orlando, FL
Posts: 1,000,000
Old 06-21-2013, 11:31 AM   #1068
zy144622
Mouseketeer
 
zy144622's Avatar
 
Join Date: Sep 2012
Posts: 379

Woot Woot! This thread has made paying of debt so exciting for me. 2 months in I have 3 accounts paid off. Julys snowball will kill another account for sure and maybe 2 (car repair cost will determine that). Staying true to not adding debt is a great feeling and I'm loving it!!! Thanks everyone for sharing your stories. Those around me just keep pilling on the debt with a "debt is part of life" attitude. My husband couldn't be happier I found you all either. He agrees this is doable and snowball makes much sense.
zy144622 is offline   Reply With Quote
Old 06-21-2013, 11:41 AM   #1069
ceemys
DIS Veteran
 
ceemys's Avatar
 
Join Date: Jun 2008
Location: Indiana
Posts: 1,415

Quote:
Originally Posted by gracie1 View Post
You are definitely in control of your finances!! Look at that ticker with 75% saved for your down payment I am so happy for you!
Quote:
Originally Posted by momof2gr8kids View Post
I know - I love checking out her ticker! Way to go.
Thanks!!
__________________
DF Joe cool Mama (me) Christine DD (15y/o) DD (6y/o)



ceemys is offline   Reply With Quote
Old 06-21-2013, 11:51 AM   #1070
schoonersky
Mouseketeer
 
Join Date: Apr 2008
Location: Nova Scotia, Canada
Posts: 458

Subbing in!

Sent from my iPhone using DISBoards
__________________
Check out my blog at http://wandawomanns.blogspot.ca/



November 2013: Disney Wine and Dine Half Marathon
March 2013 - Boston, MA-April 2012 - Boston, MA - March 2012 - Gran Bahia Principe Jamaica - July 2011 - Quebec City PQ - December 2010 - Disney Wonder and the Contemporary!! -August 2009 - POP Free Dining - August 2008 - POR Free DIning - March 1983 - Offsite
schoonersky is offline   Reply With Quote
Old 06-21-2013, 11:56 AM   #1071
HSXJedi
Earning My Ears
 
HSXJedi's Avatar
 
Join Date: Jun 2013
Location: Mesa, AZ
Posts: 57

Congrats to everyone for paying down or off their debt.

Wife and I followed Dave Ramsey's plan, haven't had any credit cards in over 10 years now, and paid off all of our debt except our mortgage on March 2, 2006.

It's amazing to go on cash funded vacations and road trips without expecting a bill in the mail. Same with birthdays, holidays, etc. Years ago we would just put it on a card and get hit with it later on.

So glad we found Dave and his common sense approach to saving, budgeting, and paying off debt.
HSXJedi is offline   Reply With Quote
Old 06-21-2013, 12:21 PM   #1072
disney-inspired

Disney on the brain 24/7/365!
*grumble* stupid cm *grumble*
 
disney-inspired's Avatar
 
Join Date: Jan 2008
Location: 58.6 miles from Disneyland
Posts: 4,264

Quote:
Originally Posted by Doodlebug939 View Post
You are welcome to join the board at any time! Glad you are here. It seems that you are really focused on changing your spending habits and at such a young age so you should be proud.

I definitely recommend the snowball strategy because I feel that I have made a lot of progress. I am planning to go to Disney myself in November 2014. Seems so far away but if I wanted to pay cash for each piece I felt that I needed to clear out some bills and save so I didn't add any more debt to the stack. So while I am focused on debt reduction I know that next spring I can start to have some extra funds to set aside for the trip.
I'm hoping my contract job lasts the full 18 months because then I'd be leaving (for a 'cooling off' period of 3 months) right before my planned vacation begins!
I'm hoping to pay off another CC at the end of August/ beginning of Sept.
__________________
disney-inspired is offline   Reply With Quote
Old 06-21-2013, 12:22 PM   #1073
disney-inspired

Disney on the brain 24/7/365!
*grumble* stupid cm *grumble*
 
disney-inspired's Avatar
 
Join Date: Jan 2008
Location: 58.6 miles from Disneyland
Posts: 4,264

Anyone else hoping to pay off a good chunk, if not all, of their debt before April so you can actually keep your tax return? Yup, me!
__________________
disney-inspired is offline   Reply With Quote
Old 06-21-2013, 03:07 PM   #1074
zy144622
Mouseketeer
 
zy144622's Avatar
 
Join Date: Sep 2012
Posts: 379

Quote:
Originally Posted by disney-inspired View Post
Anyone else hoping to pay off a good chunk, if not all, of their debt before April so you can actually keep your tax return? Yup, me!
I think we will be at a half/half point come tax season. Half of the return to debt other half savings. Feeling really good about this!
zy144622 is offline   Reply With Quote
Old 06-21-2013, 03:10 PM   #1075
pryncess527
DIS Veteran
 
Join Date: May 2013
Posts: 900

Quote:
Originally Posted by disney-inspired View Post
Anyone else hoping to pay off a good chunk, if not all, of their debt before April so you can actually keep your tax return? Yup, me!
This is my goal. In our case I'm not sure it's a realistic one but it's the only way I have any hope of getting to take a Disney vacation in 2014, So I'm setting my sights on it and doing everything I can to get us there. At least if we fall short will be in better shape for a possible 2015 trip to Disney instead. Sadly though based on my current projections unless I get a promotion it's not gonna happen
pryncess527 is offline   Reply With Quote
Old 06-21-2013, 03:36 PM   #1076
SpaceGirl
DIS Veteran
 
SpaceGirl's Avatar
 
Join Date: Jun 2004
Posts: 546

Quote:
I just went through & paid on each card that we have. Some of them I had not been able to make a payment on since April. I guess I will look at which ones hit me with penalty rates & slay those dragons first.
Dansamy,

Sounds like you are on your way to be DEBT FREE which is great, I so believe in paying credit cards with higher interest rates first. Higher Interest Rates=More money I have to pay.

Good Luck
SpaceGirl is offline   Reply With Quote
Old 06-21-2013, 03:44 PM   #1077
SpaceGirl
DIS Veteran
 
SpaceGirl's Avatar
 
Join Date: Jun 2004
Posts: 546

Quote:
Originally Posted by Doodlebug939 View Post
Thank you so much for your support. I am taking baby steps but in the last month I have really felt a sense of accomplishment. I try to look at how much better it will be at the end of the year when I post a year in review and share where I am and how far I have come.

I found your personal story to be so inspiring and motivating. Thanks for sharing.
Doodlebug,
You are so welcome I think having that support is very important. I also know that while you are working on your debt that there will be pumps, remember just keep on rolling...
SpaceGirl is offline   Reply With Quote
Old 06-21-2013, 04:06 PM   #1078
SpaceGirl
DIS Veteran
 
SpaceGirl's Avatar
 
Join Date: Jun 2004
Posts: 546

Quote:
Originally Posted by zy144622 View Post
Woot Woot! This thread has made paying of debt so exciting for me. 2 months in I have 3 accounts paid off. Julys snowball will kill another account for sure and maybe 2 (car repair cost will determine that). Staying true to not adding debt is a great feeling and I'm loving it!!! Thanks everyone for sharing your stories. Those around me just keep pilling on the debt with a "debt is part of life" attitude. My husband couldn't be happier I found you all either. He agrees this is doable and snowball makes much sense.
I'm beginning to think we should do away with "The Snowballing" and rename this method to "The Fireballing" Because you are all burning that Debt up.
SpaceGirl is offline   Reply With Quote
Old 06-21-2013, 05:27 PM   #1079
milwaukeemommy
Mouseketeer
 
Join Date: Jul 2012
Location: Wisconsin
Posts: 82

Everyone is doing so well!!

I finally have some positive news of my own. I think I had reported that even though I didn't think we were going to qualify for a refinance, we actually did. The better news is my loan officer emailed me today, saying our house appraised way higher than we had thought, which means we get an even lower interest rate! We were going to be getting 4.1%, but that's now down to 3.875%! I'm so excited, I hope we close soon. Our mortgage payments are going to be sooooo much lower, almost half!!!! Finally I can make some headway on our debt!

Who knows ...we may just actually be able to go to Disney again someday after all
__________________
Michelle

Our one & only trip -- July 2012, Shades of Green
milwaukeemommy is offline   Reply With Quote
Old 06-21-2013, 07:11 PM   #1080
ruadisneyfan2
DIS Veteran
 
ruadisneyfan2's Avatar
 
Join Date: May 2006
Location: South Jersey
Posts: 11,582

Quote:
Originally Posted by milwaukeemommy View Post
Everyone is doing so well!!

I finally have some positive news of my own. I think I had reported that even though I didn't think we were going to qualify for a refinance, we actually did. The better news is my loan officer emailed me today, saying our house appraised way higher than we had thought, which means we get an even lower interest rate! We were going to be getting 4.1%, but that's now down to 3.875%! I'm so excited, I hope we close soon. Our mortgage payments are going to be sooooo much lower, almost half!!!! Finally I can make some headway on our debt!

Who knows ...we may just actually be able to go to Disney again someday after all
Wow! That's awesome! Just think how sweet it will be to save all of that interest you were paying!

I was happy when we refi'd it cut our payment down almost $300. Not so huge but still good since we had just refi'd 2 years prior.

We did save enough for a new roof so that's a relief. Next we'll set aside some $ for this big summer trip then by Sept we'll start working on paying off some bills. It's not a lot or out of control, but it's there. Kind of like when pp said how people just accept that some debt is inevitable/acceptable.
We'll probably be putting our tax return into home repairs/maintenance. That's our usual thing.
__________________
ruadisneyfan2 is offline   Reply With Quote
Reply



Thread Tools
Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

facebooktwitterpinterestgoogle plusyoutubeDIS Updates
GET OUR DIS UPDATES DELIVERED BY EMAIL



All times are GMT -5. The time now is 06:18 PM.

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.

Copyright © 1997-2014, Werner Technologies, LLC. All Rights Reserved.

You Rated this Thread: