2 places for good financial advice + 1 more

I just have been searching around this whole blog thing and have found 2 good sites that apply to me and another that is interesting for debt purposes.

No Credit Needed - has a great little ebook and in depth articles about being in debt. I like his story, it is similar to my reason for starting this. He has a family and was fed up about being in debt. Thus the debt blog was born. Cheers to NCN. I love it.

Money Blue Book - I emailed this guy and he responded right away and gave me some great info on helping me start a blog. I also read his article on using wholesalers for eBay. As Yoda would say, Informative this one is. I am a sucker for eBay. Good money research on his site, check it out.

Another interesting one is Blogging Away Debt- It is very encouraging to see where this person has been and where she is going with her debt. She is very open with her finances and I wish I had the discipline to do the budget like she does. Good stuff.

I am going to be reading all of these frequently and hopefully getting out of debt!

Dad in debt

OK,
I am admitting I am in debt. I think the best place to do it is out in the open where everyone can read it. I am hoping by doing this I will stop procrastinating and do something about it! I am a born procrastinator. All through college I did all my assignments at the last minute, finishing in a flurry of typing out pages and the glory of finishing at all hours of the day. I am really close to the last hour of my debt. I still have a tons of credit left on my credit cards, but the monthly payments are getting hard to face and we skipped our first one last month(not intentionally). I will always be looking for advice, and hopefully soon will see success and be giving some of my own. I do believe in God and know He is wanting my obedience to be financially responsible, so the only way I know how is to pray for help and not hide the fact I am in debt! This actually feels kind of good. How about that, a therapy session and the starting point of getting out of debt! Good times...

OK, here are the juicy details. I am married with three children, twin 7 yr olds and a 4 yr old boy. My beautiful wife of 10 years is a stay at home mom who works part time mostly doing payroll and research for our friend's small business. We just built a house 2 years ago and are trying our darndest to pay the mortgage every month. I will go into that later.

Our biggest problem financially right now is our debt. We have three credit cards with balances of about $3000, 8000, and 10,000. OUCH. The two highest ones are the ones we use to buy groceries and gas because we use our checking account to pay our mortgage and bills online. It seems like a constant vortex of debt that wont stop until we do something... what that is, I'm not quite sure. I would like to cut up the credit cards, but in reality, we need them to keep our house. But somewhere it will become impossible to stop the cycle, and we will lose our house. We have cut back on almost everything there is. Newspaper, cable, movies, going out to eat, buying coffee, etc. You name it, we don't have it anymore. It would also be hard to sell the house because we may not get enough to cover the actual mortgage on it (About $360,000/or $2500 per month).

Please let me know if you have any suggestions!! :)
I will try and continue to post my ideas and thoughts toward this...

Dad in debt