Overwhelmed By Debt

Now What?

“You must gain control over your money or the lack of it will forever control you”

β€” Dave Ramsey.

Debt doesn’t explode over night, it slowly builds, hiding behind cars and houses, behind credit cards and personal loans, sometimes in hospitals and under water heaters. Before you even realize it you’ve lost control and feel like there is no way out. If that is where you are right now, welcome to the club and congratulations for looking for relief. I am right there with you, and its why I started this Blog, so lets take this Journey together and climb out of this hole.

The 3 things you need to know:

  • It won’t be as easy as you’d hoped
  • You might even want to give up
  • You CAN do it!

Emergencies Happen ~ Be Prepared!

If the only way you can build an emergency fund is to pay the minimum due on your credit cards, that is what you need to do

~Suze Orman

In my humble opinion, and frankly in the opinion of several financial advisers I respect, the first step to getting out of debt is to create an emergency fund. Since you won’t wake up tomorrow and be out of debt be prepared for anything, because anything can happen and usually does. I was in a fender bender last week, completely my fault, and I have to cover the deductible for the repairs to my vehicle. I didn’t plan on being in an accident, and I didn’t plan FOR being in an accident, so the $500 deductible has to come from somewhere or I drive around with a dented bumper. (I chose option #2 for now).


This is a good question and it really depends on you, do you have car insurance deductibles? Health insurance deductibles? If no, then a smaller fund may work for you, if yes, then plan to have at least that much set aside.

Dave Ramsey states that $1000 is what you need as your emergency fund before you start climbing out of the debt hole. This makes sense to me and that is what my wife and I settled on for our journey. I am not here to tell you how much to put into that fund that is your call, but it is a very important first step.

That’s enough for today, I look forward to hearing from you if you somehow found my page, and hearing your story. I will soon tell my story as we work toward a brighter future debt free.

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