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A Tale of Two Mamas

Trying to keep someone IN timeout

Debt, debt, debt

I just found this blog about a couple paying off their debt. I love reading about others’ personal finances, hence all the links to the money/finance blogs.  This site looks like it could be interesting, but I think it could benefit from a running progress meter–similar to all the Net Worth blogs out there. 

From my predictions, our household will have doubled in net worth over this year, due mostly in part to paying down our debt.  We’ve accrued a lot of liability due to our battle with infertility, maternity leave, and youthful indiscretion.  We are very susceptible to the make-more-spend-more mentality, so it takes daily conscious effort to live within our means. I feel like we are making very good progress, and will continue to do so. 

I hope to check in on the We’re In Debt website to see how this couple progresses toward their goal of eliminating their ~$100,000 debt by July 2007–it is an ambitious goal.

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