Welcome to Shredding Debt!

welcomeWelcome to Shredding Debt.  This is my newest blog about finally getting sick and tired of being in debt and wanting to do something about it.  I have carried debt for a long time, but now that I am getting older am starting to realize that spending much of my hard earned cash paying someone else just isn’t fun.

I have a decent lifestyle so now is the time to prepare for retirement and the first step in that process is to get out of debt totally.  Unfortunately, it will take me several years as I have quite a bit of debt.  But I am working on a 10 year plan to see if I can become debt free in the next decade.  Then I can have the financial flexibility to decide exactly how to proceed.

The first step is going to involve paying off $435,000 in 40 months.  This is a lot of consumer type, unsecured, depreciating asset debt that eats up too much of the budget.  There was also some tax debt in this total at the beginning.  I started this step in October, so that means I am 4 months into this phase of getting out of debt.  You will be able to follow my progress right here on this blog.

With my first post, I will recap what I have done over the past 4 months to get to this point.  In the meantime, welcome to shredding debt.  Feel free to share your stories about getting out of debt.