Case Studies
Prosper Rocks!
Thursday, March 6th, 2008Last week, I wrote about how I had applied to borrow money through Prosper to consolidate my two worst credit card balances. My goal was twofold: reduce the number of outstanding balances I have and reduce the interest rate I pay.
I set up my loan request on a 7-day auction. I started the bidding […]
Popularity: 5% [?]
Outstanding Debt as of February 2008
Friday, February 22nd, 2008I have good news and bad news.
The good news is this: our debt went down over the last month, even if it was only a little bit. The bad news is that some debt was shifted from lower interest rates to higher interest rates.
How did this happen? Simple. We have to make our car payment […]
Popularity: 4% [?]
Dealing with Medical Bills
Saturday, February 2nd, 2008At what point does a bill become debt?
I was wondering about this yesterday as I called on my outstanding medical bills from the birth of my third child in November 2007. The bills range from 45 days to 65 days late right now. Some of the medical companies have threatened to send my bills […]
Popularity: 3% [?]
My $10,000 Tax Bill
Thursday, January 17th, 2008If you read my post about financial setbacks, then you already know my tax bill this year was $10,167.00. When I found out what I would have to pay in early January, I didn’t have the means of paying the bill. And so I prayed that God would provide the money.
Long story short, God provided […]
Popularity: 3% [?]
Outstanding Debt as of January 2008
Sunday, January 13th, 2008If you read my post about financial setbacks, then you know I’ve not had much disposable income the last couple of months. Between our hospital bills and taxes, we’ve not had much left over. Still, we were able to pay down our debt during the last month by over $700, which is not bad considering […]
Popularity: 7% [?]
Outstanding Debt as of December 2007
Wednesday, December 5th, 2007This month I paid off our Home Depot retail account.
When I opened the account, we had six months with no payments or interest. But if I hadn’t of paid off the balance by mid-November, we would have had to pay the back interest on all six months we hadn’t made payments. So I paid off […]
Popularity: 3% [?]
Why I Write the Things I Do
Wednesday, November 28th, 2007Lately, as I’ve been reading other debt blogs, I’ve been realizing there’s a big difference between my circumstances and most everybody else.
For instance, yesterday I wrote about expanding yourself, including your income. This is a natural thought to me because I’m self-employed. I run my own business. But most people have jobs. So the idea […]
Popularity: 2% [?]
Does GE Think We’re Stupid?
Saturday, November 10th, 2007Since my wife is recovering from giving birth this last Wednesday, I went to the grocery store to pick up a few things. One item on the list was “night lights.”
As I scanned the inventory, I zeroed in on some GE brand night lights. I had two sizes to choose from. I could buy two […]
Popularity: 2% [?]
My Monthly Nut Just Got a Lot Smaller
Tuesday, November 6th, 2007If you’ve been a regular reader, you might be wondering, “Why hasn’t that fool sold his motorcycle yet?”
Good question.
I have an answer.
The main reason is I’ve been preoccupied by what, up until now, I had seen as a bigger financial problem. Namely, that of paying my brother Jared.
Since July, I’ve been paying Jared $2,500 a […]
Popularity: 4% [?]
Outstanding Debt as of November 2007
Monday, November 5th, 2007I finally sat down and caught up on all my paperwork, including two quarters’ worth of accounting. I also took the opportunity to update my debt spreadsheet since I hadn’t had time to do it last month.
Here is a snapshot of my latest numbers (they are currently sorted in order of how they should be […]
Popularity: 2% [?]
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