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How did I get here?

April 3rd, 2007 at 06:25 pm

I've been thinking a lot lately about how I ended up almost 40 with a very meager savings and retirement. What amazes me is how quickly the years went by. I kept telling myself that I'll save once things settled down and I had the extra money to invest. That day has never come. When I graduated from college in 1991, I was in a good place with no kids and no debt. But over the next 10 years, I had a couple of kids and like a lot of women, I put my home first and worked either very part-time or not at all so I could be here for my family. I also fell into the monthly payment mentality, you know if you can make the monthly payments, you can afford it. Now the kids are older and I am working full-time again and I am realizing how behind I am. To make matters worse, my husband is a spender and he has over $30,000 in credit card debt! I can't tell you how angry that made me when I found out especially since he ran up this debt while he was working overtime! What in the @#$@#$ was he doing with his money? Geesh, well no more. I am on the road to financial peace of mind. Within the next couple of years, I plan to pay off my debts and build my emergency fund. Better than planning, I am actively making it happen. I of all people know that there are no guarantees in life and I have to be prepared.

8 Responses to “How did I get here?”

  1. shiela Says:

    Good luck, you can do it!

  2. Nic Says:

    Good luck to you. Your message is powerful and should be read and re-read by every person just out of college and starting a new life. Time just sorta runs away from us.

  3. daylily Says:

    Good luck to you. Stick around here and keep reading the blogs and forums for ideas.

  4. nance Says:

    Fortunately, you are in a career that pays well, and you will be able to get out of debt and save. You still have a long time to go until retirement. The fact that you are motivated, and aware is a big plus. You are way ahead of the majority of the population at your age.

  5. Ima saver Says:

    I did get my house paid for in my 30's but never did any investing at all. At age 44, I started investing in mutual funds and I have done really well. So, it is not too late for you to make a big difference!!

  6. fairy74 Says:

    Good message thank you! I agree the time does fly by.

  7. ladymiller Says:

    Best wishes. I'll be watching for your posts to see how you are doing!! Good luck!!

  8. crow67 Says:

    Know exactly how you feel, I'm in the same boat. But it was me that ran the cc up. But no more. Now I only have 1 cc and the rest were cut up and acct's closed.

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