Wednesday, January 27, 2010

Debt status

Been a while since I last posted. Thought I'd bring this blog up-to-date.

My CC debt is now at $74,000. Last year (2009) I paid back $26,000.

We had a medical expense of about $8000 so I guess I really paid back $34,000 in 2009. That's a lot of cash. Oh well.

I'm down to a $1000 emergency fund. I'm also back to delaying some monthly CC payments. Just don't have the cash in my budget. Last year my income dropped $20K from the previous year.

Got a call from our ex-car lease company yesterday. They said as long as I can make a payment on our "end of (lease) term" balance then it - the $9,444 owed - won't go to collections. I probably need to add that $9.4K onto my total debt which would make it go up to $83.4K owed as of today. Nothing I can do about it.

I'm still working my 2nd job that adds to our overall income so that helps.

I heard Obama is going to speak tonight about helping the middle class - too bad he defined the middle class as an income level of $85K and below. I've already short sold my house two years ago, burned through my savings a longer time ago and am back to living paycheck to paycheck with two kids in college. Lotta fun these days.

Oh well, we'll see what 2010 brings.