The Money Conversation

There was a point that I was debt free and at absolute zero.

I had no mortgage because I was renting.
I had no car payment because it was paid off.
I had no credit cards.

The only bills that I had were rent and the revolving bills. I happily lived from paycheck to paycheck with not a care in the world.

Rent got raised for the umpteenth time. I wanted to break out. The car was still good, but I knew that it would fail. Buying a house, taxes, and simple life led me to where I am now.

I owe $77,000 in a mortgage.
I owe $22,000 in a credit card.
I owe $13,000 for a car.

And being in this much debt drives me nuts.

Here are our monthly expenses (rounded):

$60 Internet
$150 Power
$200 My Health Insurance
$200 His Health Insurance
$25 His dental insurance
$200 Car Insurance
$250 Car Payment
$650 Mortgage (fixed interest)
$100 Gas
$500 Food and Miscellaneous (average)
$50 Phone

$2385 Total

Here is our estimated monthly income. The numbers are rounded because I hate to deal with pennies.

$900 Regular Client A
$900 Regular Client B
$70 Regular Client C
$100 Regular Client D
$100 Regular Client E
$250 Future Regular Clients

$2320 Total

As you can see, we’re slightly underwater when it comes to expenses vs. income. You can only imagine how much this situation chafes the hell out of me. I’m not content to run blindly ahead because while it’s slow, I’m still digging a hole like those dwarves.

There it is. I’m not the know-it-all financial guru.

I’m just like my friends and neighbors.

But I can change. I’m restarting the money conversation. The good ol’ fashioned money conversation. And I want to show you how I’m doing this, every step of the way.