About Me

I am 29 years old, married with two children ages 5 and 7 and a serious underachiever in regards to saving and accumulating wealth. If one were to look at our combined income we would be placed in the middle class category. However if one were to look at our total net worth we would be considered poor. I am well below my peers when it comes to savings and investments. To show you how sad it is: I do not own a home, both of our cars have yet to be paid off, I have $40 in savings, I do not have any retirement savings (401k, IRA). Most of the time we are living month to month. It is a hole that we cannot seem to get out of.

Financial Summary:
Credit Card Debt: $6,875
Car Loan 1: $925
Car Loan 2: $24,000
Personal Loan: $9,000
IRS: $600

Total Debt: $41,300

Income:
Combined Take Home Pay: $5700/month
Assets: We really dont have any of these
Savings: $40


Like so many americans, we have accumulated a great deal of debt. My goal of this blog is to try to change our spending ways(I figure if I write it down and put it in front of the worldthat I might actually try a little bit harder), and I would like to share some of the things we learn along the way so that hopefully it can help some of you. I will be posting frequently as this is not something you can tackle on a monthly basis. You have to tackle it daily and continously revise your strategy until you find something that works.