Benjamin’s Musings

Debt Consolidation and being debt free

All I want to be is debt free. I am so far in debt that I do not even remember what it feels like to be out of the red. The problem is how easily the situation compounds onto itself. Even if I were to make my payments every month, I am still not getting anywhere. The payments only give me more time to earn enough money for the next round. At this point, I only make enough to pay off the interest. I have yet to hit the principle on my car payment or the ridiculous credit card bill I am afraid to open up each month. The cost of stupidity is way more than I could have ever expected. I have to be somewhere in the ballpark of thirty-thousand dollars in debt. Already I have paid more for my car than the actual cost and I do not even have fifty thousand miles in the vehicle. Debt consolidation is a term I am having trouble grasping. This problem could have been avoided, it should have never have occurred. I make good money, but I spend way more than my salary can afford. Credit cards are the worst. I put everything on those pieces of plastics. I made a resolution to not by anything else until I have paid off my debt. If I am going to get out of this situation I have to be smart. The only way debt consolidation can occur is if I limit the amount I spend. I want to focus on eliminating my bills. First, I am going to trade in my vehicle and get one that has a more reasonable payment. Next, I am not going out to the bars or to eat. That is a major area where I spend money. Until I get out of the red, I am staying away from restaurants. I know I can pay everything off I stay focused and stick to my plan. It is a long way to get out this problem, but thankfully I will not let it get any worse. The last thing I want to do is continue to live from one bill to the next. Sadly, I had to get in this deep before I realized the severity of the problem. Hopefully, this time next year, I can say I am into the black.