When I started blogging about debt I picked a random date that I would lie to be debt free. January 2011 I believe. In 2008, that seemed far enough away - 3 years.
Now that I am a more seasoned personal finance blogger, I decided to let excel speak for me instead. I filled out a debt payoff template and discovered that my random date was waaaay off. About 3 years off to be precise.
According to the template, I will not be debt free till November 2014. If that's not enough to depress anyone, i don't know what is. Some people are making their first million by 30 and I'll just be getting started on wealth building.
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IF ANY 16-19 YEAR OLDS ARE READING THIS. STOP USING YOU CREDIT CARDS TO BUY THINGS. YOU CAN NOT AFFORD IT AND YOU WILL PAY DEARLY IN THE FUTURE
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Now I know my D-day (or d-free day) will be a bit sooner because the calculator does not take into account any pay increases I might have or other money I might receive (tax refunds, gifts etc) but it's still depressing.
I'm going back to extreme saver mode.
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Things can change a lot in six months or a year. You never know! The important part is that you're going in the right direction.
ReplyDeleteI can relate! But now that the initial date is set you can get to work adding snowflakes here and there and gradually see that date get closer. :) You'll do it way before your d-day, I know it.
ReplyDeleteKeep it up!
-canadiandebtgirl
This may seem depressing but keep your head up. Things will go smoothly and you'll be there in no time before you know it. :)
ReplyDeleteSerendipity
thanks guys. I guess i have to just look at the bright side of things... It's just annoying b/c I feel like your 20's are when you should be having the most fun.... BUT I'm glad I wont carry all this debt into my 30s. Candian debt girl - welcome!
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