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Good Evening,
As many of you know my story, I will not go into a lot of boring details.
I wanted to share one little success that my wife and I recently experienced.
You see, two years ago, my wife and realized a ~$35-40,000 debt load and committed to paying it off.
We managed to pay it all off, save $10,000 and keep $5,000 in the bank for emergencies...
On Friday, August 11th, after 16 years, my wife was given notice that the company she has been employed with is eliminating her position in an effort to minimize costs.
Here's why we are both still smiling and taking it all in stride.
1. No debt, okay, a little debt, $2200.00 on our Visa (used to buy something which we doubled the warranty)
2. About $35,000 cash in the bank which is about 29 months worth of living without going into debt.
3. About $40,000 in credit facilities of which we don't use.
4. Got rid of both of our vehicles and cut back to one vehicle (about $300.00/mth saved).
We learnt the hard way and made a promise to each other that debt was not a word allowed in our house again.
Don't EVER give up, even when life hit's you in the @$$, you can still get up, shake off the dirt and move on.
We never expected the lay-off, but we are greatful that we prepared for it. Last week, she was approached by three companies offering her employment, she is just taking a couple of weeks to collect her thoughts, and think about her future.
Cheers!
As many of you know my story, I will not go into a lot of boring details.
I wanted to share one little success that my wife and I recently experienced.
You see, two years ago, my wife and realized a ~$35-40,000 debt load and committed to paying it off.
We managed to pay it all off, save $10,000 and keep $5,000 in the bank for emergencies...
On Friday, August 11th, after 16 years, my wife was given notice that the company she has been employed with is eliminating her position in an effort to minimize costs.
Here's why we are both still smiling and taking it all in stride.
1. No debt, okay, a little debt, $2200.00 on our Visa (used to buy something which we doubled the warranty)
2. About $35,000 cash in the bank which is about 29 months worth of living without going into debt.
3. About $40,000 in credit facilities of which we don't use.
4. Got rid of both of our vehicles and cut back to one vehicle (about $300.00/mth saved).
We learnt the hard way and made a promise to each other that debt was not a word allowed in our house again.
Don't EVER give up, even when life hit's you in the @$$, you can still get up, shake off the dirt and move on.
We never expected the lay-off, but we are greatful that we prepared for it. Last week, she was approached by three companies offering her employment, she is just taking a couple of weeks to collect her thoughts, and think about her future.
Cheers!
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