Archive for May, 2010

Cast your eyes on the ocean
Cast your soul to the sea
When the dark night seems endless
Please remember me

Dante’s Prayer
Loreena McKennitt


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Image from: blogs.bet.com/news/pamela/tag/maxine-waters/

We all know what debt is and the majority of us have it. If you’re not in debt, I ENVY you. I think it’s an extremely sad fact of life knowing that most of us will have debt for nearly our entire lives. How can we not though? Often times it’s because we have to build credit through debt. If I want to establish a credit score, I need to get a credit card or take out a loan. If you don’t have a credit score or one that is deemed “fair” or “good” then you’re limited as to what you can do. Credit is a necessity here. Sure, there are places who say things like “good credit, bad credit, we accept it all!” but I’m sure there’s a catch or whatever it is that they’re offering is a load of crap. 

I only started to think of this because…*drum roll*…I have officially paid off my credit card!! Oh sweet relief. I am so glad I don’t have to worry about paying that off anymore and I’m even more excited that it’s going to save me money each month. I made an extremely stupid decision to put some things on my credit card thinking it’d be no big deal to pay off. Big time regret. I’ve been paying for that mistake for about a year and a half or so now.

Of course, I still have other debt like my school loans and car loan, but this was really taking its toll on me. Now I can focus on paying those off. If I am ever in a situation where I am totally 100% debt free…well, I don’t know what I’d do really. I can’t even imagine that. I just know I’d be overwhelmed and probably bouncing off the walls with excitement.

So for those of you who are working on your debt like me and the rest of the world, be careful. Those magical, shiny plastic cards that get you what you want when you want it are evil. Work on eliminating your credit card/loan that has the least amount on it. Then once that’s gone you can focus on the bigger ones. Put as much money towards your payments as you can as well. I know people seem to think that working on the one with the largest amount of money should be the priority but once you have the smaller ones cleared out, think of all the money you’ll then be able to contribute towards that payment. That’s just how I roll though. If you really feel it’s necessary to do that then by all means, do what you’ve got to do.

Good luck everyone. Debt is brutal out there.

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