Why Have I Started “Married With Debt”?

Since this is the first post, I may as well explain why I am even doing this. There are three main reasons:   1. To give myself something to do as I pay off debt 2. To help others see how they can escape debt slavery 3. To see if readers can help me plot my financial future Give myself something to do as I pay off debt: First, let’s have a confession – I am obsessed with my financial situation. I look at my personal finance spreadsheet every day. It tracks my bills due and bills paid each month, and I use it to track all of my non-bill expenses such as groceries and entertainment. It also tracks how much debt I owe. I am loosely following Dave Ramsey’s 7 Baby Steps plan, as well as his debt snowball approach to eliminating debt. I have chosen to do this instead of investing, because I want to be free from the grips of creditors, and also because having debt is like having a negative investment – if you carry a balance on a 20 percent credit card interest rate and you are investing in stocks at 5% gain, you are … Read more