If you all quiet down, I'll tell you what we did!
Step #1: Get a prescription for Lexapro. You're gonna need it to not have a panic attack while sifting through the mountainous pile of bills that you and your hubs have ignored for the past 10 years of your life.
Step #2: Make the hubs take a Lexapro otherwise you will smother him in his sleep...not that I would ever even THINK of that!!
Step 3: Get said pile of bills out from the shoe box/counter drawer/dark, dusty hiding spot they are in.
Step 4: Organize them into piles. Put all bills from Nebraska Furniture Mart in one pile...all bills from HSBC in another pile...all Visa cards in another pile... Yes, the hubs is going to see your bill for the card you maxed out on clothes that are too trendy for you to wear so you donated them so you could walk your chunky butt over to LB and buy some overpriced work clothes that fit! (This is what the Lexapro is for!)
Step 5: Go through each pile and find the most current bill. Shred the rest. Trust me; not only will it save you from having your ID ripped off, it is also therapeutic!
Step 6: Make a master list of every person & company you owe money to and the amount you owe them. Arrange them in order of smallest bill to largest bill.
Step 7: Eat a whole bag of Oreos and Lays Original chips and wash it down with a Cherry Pepsi. But only do that if you want to keep having a chunky butt that needs to be clothed through Lane Bryant. Or if you are a stress eater. Which probably explains the chunky keister...Brownies and olives are also good substitutes.
Step 8: Cry because you owe damn near THIRTY THOUSAND DOLLARS (yes..that's US dollars...not 30K in Yen..god I wish!) and you've just consumed a bag of salty chips, overly chocolatey cookies and Cherry Pepsi and just KNOW that you aren't going to fit into your trendy little cami that your BFF made you buy tomorrow.
Step 9: Figure out how much you actually make every month, how much your household bills are and how much discretionary income you have. You know...the money left over after you pay your rent and buy Oreos & Cherry Pepsi??
Here's the hard part
Step #10: Pay the smallest bill you have even if it means cancelling your cable TV (we did), unhooking your Internet (we did), paring down to cheaper meals (ugh...we did..), or taking a rain check on hanging out with friends because you don't want to waste the money on a movie and dinner (we fell off the radar for a while). If you want financial freedom, you will do whatever it takes (short of robbing a bank or anything illegal!!) to pay the next bill on your list. Continue this every month until your debt is paid off (we are doing).
Here's the thing, when you are looking at the Visa bill and you see $10 here and $20 there I bet you won't even remember what it was for. But when you pay your final bill off and suddenly have all this free money, you'll remember what it felt like to make sacrifices so you could enjoy the freedom now.
I'm not a big fan of Dave Ramsey but he says it best:
IF YOU WILL LIVE LIKE NO ONE ELSE TODAY, LATER YOU WILL LIVE LIKE NO ONE ELSE CAN.
congrats to you! that's a huge deal. best of luck. :)
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