Comments on: How Do You Know You're in Debt? http://www.gatherlittlebylittle.com/2007/09/how-do-you-know-youre-in-debt/ Proverbs 13:11 - "...he who gathers money little by little makes it grow." Sat, 21 Nov 2009 03:27:42 -0400 hourly 1 By: Make Friends, Earn Money http://www.gatherlittlebylittle.com/2007/09/how-do-you-know-youre-in-debt/comment-page-1/#comment-2225 Make Friends, Earn Money Sat, 03 May 2008 19:32:00 +0000 http://www.gatherlittlebylittle.com/2007/09/13/how-do-you-know-youre-in-debt/#comment-2225 formulating a plan is always the key. It's boring and hardwork but "if you aim at nothing you're going to hit it" as my old Church Youth Leader used to say. P.S. I love the picture, great find formulating a plan is always the key. It’s boring and hardwork but “if you aim at nothing you’re going to hit it” as my old Church Youth Leader used to say. P.S. I love the picture, great find

]]> By: glblguy http://www.gatherlittlebylittle.com/2007/09/how-do-you-know-youre-in-debt/comment-page-1/#comment-2224 glblguy Sat, 03 Nov 2007 01:38:25 +0000 http://www.gatherlittlebylittle.com/2007/09/13/how-do-you-know-youre-in-debt/#comment-2224 Rich, very sorry to hear that. Just can't imagine how difficult that must be for you. I am of course not a financial counselor or marriage counselor, but two things 1) If she signed your name and you didn't than you are not legally responsible for the debt. 2) Sounds like you guys might want to consider a counselor. Best of luck, my thoughts and prayers are with you. Rich, very sorry to hear that. Just can’t imagine how difficult that must be for you.

I am of course not a financial counselor or marriage counselor, but two things 1) If she signed your name and you didn’t than you are not legally responsible for the debt. 2) Sounds like you guys might want to consider a counselor.

Best of luck, my thoughts and prayers are with you.

]]> By: Rich http://www.gatherlittlebylittle.com/2007/09/how-do-you-know-youre-in-debt/comment-page-1/#comment-2223 Rich Sat, 03 Nov 2007 01:29:28 +0000 http://www.gatherlittlebylittle.com/2007/09/13/how-do-you-know-youre-in-debt/#comment-2223 I must be the world’s biggest sucker! For the third time in our seven year marriage, my wife has racked up multi-thousand dollar credit card debt behind my back. This third and most recent time amounted to 53K. More than the first two times combined! The rate on some of these cards is 31% and total minimum payments are more than my mortgage. It is the single most dehumanizing and frustrating experience to a) find out that your spouse has lied to you repeatedly about a spending issue you thought was behind you and b) your back in the hole again for the foreseeable future. Oh yeah, and let me add c) my credit rating is in the tank too. She took out two cards in both of our names that I was not aware of. I now spend my Saturday’s following up with collections agencies and negotiating payment plans. I wrote it off the first time this happened as just a mistake, the second time I almost left her but decided to work it out since she swore it wouldn’t happen again, and now a third time. I regret staying because this time around we have a two year old child and this is the last thing we need. Here I go again, into the debts of Hell. I must be the world’s biggest sucker!

For the third time in our seven year marriage, my wife has racked up multi-thousand dollar credit card debt behind my back. This third and most recent time amounted to 53K. More than the first two times combined! The rate on some of these cards is 31% and total minimum payments are more than my mortgage.

It is the single most dehumanizing and frustrating experience to a) find out that your spouse has lied to you repeatedly about a spending issue you thought was behind you and b) your back in the hole again for the foreseeable future. Oh yeah, and let me add c) my credit rating is in the tank too. She took out two cards in both of our names that I was not aware of. I now spend my Saturday’s following up with collections agencies and negotiating payment plans.

I wrote it off the first time this happened as just a mistake, the second time I almost left her but decided to work it out since she swore it wouldn’t happen again, and now a third time. I regret staying because this time around we have a two year old child and this is the last thing we need.

Here I go again, into the debts of Hell.

]]> By: New Affiliate Discoveries » Blog Archive » The Sunday Seven - Fifth Edition http://www.gatherlittlebylittle.com/2007/09/how-do-you-know-youre-in-debt/comment-page-1/#comment-2222 New Affiliate Discoveries » Blog Archive » The Sunday Seven - Fifth Edition Mon, 24 Sep 2007 12:39:25 +0000 http://www.gatherlittlebylittle.com/2007/09/13/how-do-you-know-youre-in-debt/#comment-2222 [...] 6)  As I surf the “money” blogs trying to get to know the arena, I note that many people are motivated to earn money blogging in order to get out of debt.  How do you know if you are in debt in the first place? Worse, are you in debt and don’t know it?  Gather Little by Little gives us some insight on recognizing debt. [...] [...] 6)  As I surf the “money” blogs trying to get to know the arena, I note that many people are motivated to earn money blogging in order to get out of debt.  How do you know if you are in debt in the first place? Worse, are you in debt and don’t know it?  Gather Little by Little gives us some insight on recognizing debt. [...]

]]> By: glblguy http://www.gatherlittlebylittle.com/2007/09/how-do-you-know-youre-in-debt/comment-page-1/#comment-2221 glblguy Tue, 18 Sep 2007 23:09:38 +0000 http://www.gatherlittlebylittle.com/2007/09/13/how-do-you-know-youre-in-debt/#comment-2221 Thanks Erin. Your dead-on about discussing it with other people. When I tell my goal is to be completely debt free they laugh and think I am joking! I'm sure you will set a good example for them to follow. Stay the course! Thanks Erin. Your dead-on about discussing it with other people. When I tell my goal is to be completely debt free they laugh and think I am joking! I’m sure you will set a good example for them to follow. Stay the course!

]]> By: Erin http://www.gatherlittlebylittle.com/2007/09/how-do-you-know-youre-in-debt/comment-page-1/#comment-2220 Erin Tue, 18 Sep 2007 15:04:09 +0000 http://www.gatherlittlebylittle.com/2007/09/13/how-do-you-know-youre-in-debt/#comment-2220 great article glblguy! We are on the road right now (literally) coming back from a vacation. Since my eyes have been opened about credit card and car debt I've done a complete 180 in my thinking about debt. but this past week while staying with family I've seen that my "debt free thinking" is NOT the norm. I've tried not to be pushy about it, but I did share a little about what my husband and I are doing in regards to getting out debt. But there were times I wanted to yell out that people don't have to accept debt as a normal part of life; there are plenty of people that are debt free and paying for things with cash. What can you do though? Hopefully the example my husband and I make when we pay off our debt will help others. great article glblguy!
We are on the road right now (literally) coming back from a vacation. Since my eyes have been opened about credit card and car debt I’ve done a complete 180 in my thinking about debt. but this past week while staying with family I’ve seen that my “debt free thinking” is NOT the norm. I’ve tried not to be pushy about it, but I did share a little about what my husband and I are doing in regards to getting out debt. But there were times I wanted to yell out that people don’t have to accept debt as a normal part of life; there are plenty of people that are debt free and paying for things with cash.

What can you do though? Hopefully the example my husband and I make when we pay off our debt will help others.

]]> By: Best Debt Articles from Carnival of Debt Reduction #105 at Clever Dude Personal Finance & Money http://www.gatherlittlebylittle.com/2007/09/how-do-you-know-youre-in-debt/comment-page-1/#comment-2219 Best Debt Articles from Carnival of Debt Reduction #105 at Clever Dude Personal Finance & Money Tue, 18 Sep 2007 12:47:41 +0000 http://www.gatherlittlebylittle.com/2007/09/13/how-do-you-know-youre-in-debt/#comment-2219 [...] Little by Little asks “How do you know you’re in debt?“. This sounds like a straightforward answer, but when we pay off our student loans and car [...] [...] Little by Little asks “How do you know you’re in debt?“. This sounds like a straightforward answer, but when we pay off our student loans and car [...]

]]> By: Moolanomy weekly roundup #8: “College Savings” edition | Moolanomy http://www.gatherlittlebylittle.com/2007/09/how-do-you-know-youre-in-debt/comment-page-1/#comment-2218 Moolanomy weekly roundup #8: “College Savings” edition | Moolanomy Sun, 16 Sep 2007 11:03:40 +0000 http://www.gatherlittlebylittle.com/2007/09/13/how-do-you-know-youre-in-debt/#comment-2218 [...] Gather Little By Little, How Do You Know You’re in Debt? [...] [...] Gather Little By Little, How Do You Know You’re in Debt? [...]

]]> By: glblguy http://www.gatherlittlebylittle.com/2007/09/how-do-you-know-youre-in-debt/comment-page-1/#comment-2217 glblguy Fri, 14 Sep 2007 21:26:17 +0000 http://www.gatherlittlebylittle.com/2007/09/13/how-do-you-know-youre-in-debt/#comment-2217 @Pinyo - hey you're right...Maybe that should be my new thing... You might be an in debt redneck if you porch falls down and shreds more than 2 credit cards You might be an in debt redneck if you have a John Deere credit card ok, ok, I'll stop now... @Pinyo – hey you’re right…Maybe that should be my new thing…

You might be an in debt redneck if you porch falls down and shreds more than 2 credit cards

You might be an in debt redneck if you have a John Deere credit card

ok, ok, I’ll stop now…

]]> By: Pinyo http://www.gatherlittlebylittle.com/2007/09/how-do-you-know-youre-in-debt/comment-page-1/#comment-2216 Pinyo Fri, 14 Sep 2007 21:16:59 +0000 http://www.gatherlittlebylittle.com/2007/09/13/how-do-you-know-youre-in-debt/#comment-2216 This is almost like the "red neck" joke, but much more informative. Good post! This is almost like the “red neck” joke, but much more informative. Good post!

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