michelle12
New Member
Joined: Apr 11, 2016 11:49:18 GMT -5
Posts: 13 
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Post by michelle12 on Apr 11, 2016 12:41:20 GMT -5
Hello everyone,
I am very eager to join this group and start paying down some debt. I was a long time member of the iVillage Debt message board for years. That's been gone for a few years and I am glad to meet a new group of like minded folks! I want to be debt free by 50 - in 6 years - with a credit score over 800 (at 750 now)
Here is some basic info on me:
Lives near Boston, MA
44 years old
Divorced now for 5 years (was the nicest divorce ever)
Live with my cousin and a my sidekick a little 12 pound dog
Love to travel (mm hmm see where my debt weakness is)
Strong credit rating at about 750 (life goal to get it over 800!)
Debt $33,000 (my stomach turns when I read that) - this does not include my student loans but I am on track to pay that off in the next 5 years.
Loan $16K - debt accrued during marriage that I am paying off
Credit Card #1 - $4,200 ~10% interest
Credit Card #3 - $9,800 ~ 10% intrest
Store Cards $3,000 - 0% interest for 12 months still
PLAN: Leave as is since at 0% ad pay off over next 12 months
Balance on my summer vacation : $1,150 (I thought about cancelling this to save the $ but I can't at this point)
Questions:
1. Do I pay off the lower CC first or get the higher one down under 50% of balance 1st
2. I think my order is:
- vacation balance
- card 1
- card 2
Anyway that is a lot for one post but I am determined to do this!
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moon/Laura
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Post by moon/Laura on Apr 11, 2016 13:01:45 GMT -5
Hi Michelle! Welcome to YMAM!
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Jaguar
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Post by Jaguar on Apr 11, 2016 13:14:31 GMT -5
Welcome to YMAM.
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michelle12
New Member
Joined: Apr 11, 2016 11:49:18 GMT -5
Posts: 13
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Post by michelle12 on Apr 11, 2016 13:18:58 GMT -5
Thanks for the warm welcome - I am a little confused as to how to get started at the Women in Red Racers - I am from Boston so I think I'd be joining the WIRR - Northeast. Seems like some housekeeping is going on which is great.
Can someone point me to the right page for posting my original amounts and where the excel template is?
$33K plus student loans to pay and I WILL do it all before I turn 50 (giving myself a nice 6 years!)
Look forward to meeting you all!
Michelle
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Wisconsin Beth
Distinguished Associate
No, we don't walk away. But when we're holding on to something precious, we run.
Joined: Dec 20, 2010 11:59:36 GMT -5
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Post by Wisconsin Beth on Apr 11, 2016 13:45:49 GMT -5
Welcome!
Feel free to poke around and jump into threads.
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Chocolate Lover
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Post by Chocolate Lover on Apr 11, 2016 14:13:58 GMT -5
I can be of no use whatsoever to answer your questions, but welcome and good luck with your goals!  |
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Blonde Granny
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Post by Blonde Granny on Apr 12, 2016 7:42:31 GMT -5
WIRR is a great place to start, but as chocolate lover said, I'm no help either to help get you started there. I will recommend you check out Smart Spending, usually called SS. A lot of money saving ideas from recipes to what're your having for dinner.
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Pants
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Post by Pants on Apr 12, 2016 8:30:29 GMT -5
Welcome! If you want to race your debt, go the the WIRR thread and post there. They will be able to direct you as to how to get started!
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Deleted
Joined: Apr 25, 2024 10:36:52 GMT -5
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Post by Deleted on Apr 12, 2016 9:28:08 GMT -5
Welcome. I think that's a solid focus. As said, wirr will help!
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sarcasticgirl
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Post by sarcasticgirl on Apr 12, 2016 14:06:32 GMT -5
Welcome to the boards!
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michelle12
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Joined: Apr 11, 2016 11:49:18 GMT -5
Posts: 13
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Post by michelle12 on Apr 13, 2016 19:22:04 GMT -5
Welcome! If you want to race your debt, go the the WIRR thread and post there. They will be able to direct you as to how to get started! Thanks so much for the warm welcome! |
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Jake 48
Senior Member
keeping the faith
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Posts: 3,337 
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Post by Jake 48 on Apr 13, 2016 19:34:53 GMT -5
Welcome and good luck with your goals  |
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Happy prose
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Posts: 3,227
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Post by Happy prose on Apr 13, 2016 20:14:09 GMT -5
Welcome Michele. No advise, but I'll be your cheerleader!  |
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michelle12
New Member
Joined: Apr 11, 2016 11:49:18 GMT -5
Posts: 13
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Post by michelle12 on Apr 13, 2016 20:21:26 GMT -5
Welcome Michele. No advise, but I'll be your cheerleader! Thanks Happy Prose. How long have you been a member here? I am hoping it keeps me a little more accountable for paying down the debt. Feel a little overwhelmed at getting started here - there are so many threads! How do you keep up? |
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Peace77
Senior Member
Joined: Dec 29, 2010 1:42:40 GMT -5
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Post by Peace77 on Apr 13, 2016 20:58:57 GMT -5
Hello everyone, I am very eager to join this group and start paying down some debt. I was a long time member of the iVillage Debt message board for years. That's been gone for a few years and I am glad to meet a new group of like minded folks! I want to be debt free by 50 - in 6 years - with a credit score over 800 (at 750 now) Here is some basic info on me:Lives near Boston, MA 44 years old Divorced now for 5 years (was the nicest divorce ever) Live with my cousin and a my sidekick a little 12 pound dog Love to travel (mm hmm see where my debt weakness is) Strong credit rating at about 750 (life goal to get it over 800!) Debt $33,000 (my stomach turns when I read that) - this does not include my student loans but I am on track to pay that off in the next 5 years.
Loan $16K - debt accrued during marriage that I am paying off Credit Card #1 - $4,200 ~10% interest Credit Card #3 - $9,800 ~ 10% intrest Store Cards $3,000 - 0% interest for 12 months still PLAN: Leave as is since at 0% ad pay off over next 12 months
Balance on my summer vacation : $1,150 (I thought about cancelling this to save the $ but I can't at this point)
Questions:
1. Do I pay off the lower CC first or get the higher one down under 50% of balance 1st 2. I think my order is: - vacation balance - card 1 - card 2 Anyway that is a lot for one post but I am determined to do this! Welcome to the boards.  What at is the interest rate on the $16k loan? $1,150. Vacation balance -- is this the amount you have left to save or to pay off? |
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taz157
Senior Associate
Joined: Dec 20, 2010 20:50:06 GMT -5
Posts: 12,828
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Post by taz157 on Apr 13, 2016 22:41:07 GMT -5
Welcome Michele. No advise, but I'll be your cheerleader! Thanks Happy Prose. How long have you been a member here? I am hoping it keeps me a little more accountable for paying down the debt. Feel a little overwhelmed at getting started here - there are so many threads! How do you keep up? Welcome! You can bookmark threads so that you can keep up with them. You can also jump right in too! |
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Deleted
Joined: Apr 25, 2024 10:36:52 GMT -5
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Post by Deleted on Jun 28, 2016 18:30:49 GMT -5
hiiiii
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mmhmm
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It's a great pity the right of free speech isn't based on the obligation to say something sensible.
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Post by mmhmm on Jun 30, 2016 9:32:45 GMT -5
Welcome, michelle12! Sorry I'm a bit late on the uptake here. I'm nursing a sick cat. I am, however, sure you'll find the help you need here. Folks here are friendly but will speak their minds. That's a good thing when you're trying to get your financial matters under control! We're very glad you've come to us. |
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zibazinski
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Posts: 47,865
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Post by zibazinski on Jun 30, 2016 10:03:18 GMT -5
We had a guy, rats can't remember his name, but he owed a boat load and got it down with a lot of encouragement and it was exciting to watch his progress.
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