Wednesday, December 31, 2008

2009 Goals

Leaving the UAE tomorrow. It will be 2009 in about half an hour over here and I just wanted to dash in and post my financial goals for the upcoming week.
  1. I want my CC debt to be under 35K by the end of next year.
  2. I want to have at least 3K in saving.
  3. I don't want to charge a single thing that I can not turn around and pay off for the entire year.
That's about it. Pretty straightforward and hopefully achievable.
I will be posting more frequently when I am settled in the states. Hopefully, by then I'd have figured out how to get the debt meter onto my site.

Monday, December 29, 2008

Help Please

No self respecting debt blog would be complete without a debt meter/tracker of some sort. I can not for the life of me figure out how to add it. I have gone as far as realizing I need to play with the html and have tried to copy stuff from other websites that said it was okay BUT I have no idea where to start the copy and paste from, and where to insert it to. I've been getting all these error messages and now my eyes can't stay open any more.
Fellow bloggers, can any of you explain how I can do this in simple english (i majored in communications not computer science).
Thanks, it would be greatly appreciated.
Of course the next thing I will blog about is a debt o meter for dummies!


Hi everyone,

This is my second blog. I just started my first one a couple of weeks ago and I already could see the benfits of blogging. That blog focused on my weight loss journey and this is going to focus on slimming and eventually eliminating my debt. I hope that putting my finances out there will help me stay on track and keep me accountable much in the same way my other blog has done for me.

I have been reading a lot of blogs recently - most personal finance or PF blogs. Some of the ones i enjoy reading the most have been bloggingawaydebt, debthater, mydebtblog and debtkid. One thing I have noticed from these blogs (and lots of others) has been that there is a small relationship with having too much debt and carrying too many pounds on your body. I think it boils down to this - we get into debt because we spend more than we make and we add weight because we eat more than we should. In the end it all boils down to simple mathematics. Here’s to ending the cycle.

I think it is fitting that I am setting out to do this as the new year approaches. I am a single female who just moved to the great big apple and I am tired of having debt. I want to be able to go out and buy clothes (that fit) and not worry about making payments. Living in the city has it’s own unique challenges (rent is WHAT?) but I would not feel as bogged down if I didn’t have so much debt to pay.

I will give more precise details but as of right now, let’s just say I have about $72,000 worth of debt in credit cards and student loans (most of it is credit card though). I am only 23. I have not bought a house or anything substantial. I think I must have been smoking some hallucinatory drugs!!

Like I said, I will be giving more details in the days to come and I hope to receive some wonderful feedback and tough love as I have seen other bloggers have.