Since meeting my lovely hubby, I have inherited his debts. Of course, I had debt as well, but not like Clint's. Being newlyweds, it has really pulled us together and made us work as a team. Sometimes, it was not the easiest task, but we are starting to see the results!
Poor guy...not his fault that he didn't understand how it all worked! Those shiny cards are addicting! But he has learned now. His debt has really put us in a tight spot at times. I think I counted about 7 cards...yes, 7! In 2 years, I have successfully gotten his debt down to 2 cards! Not an easy task. Lets just say, things we really wanted to do, had to wait...lots of boring nights at home. Most of the time, he would get offers from other credit card companies to transfer a balance at a 0% interest rate for a year. I was constantly doing this with him. Boy did that help! I felt better knowing all our hard earned money was not going towards interest rates.
After all that hard work, I decided to look into our home mortgage and see if I could get a better rate....and I did! From 7% down to 5.5%! That saved us over $150 on our mortgage per month! Chi-Ching!
Next, was our cell phone plans. We do not have a home phone, but both have cell phones. He has a lot of horrible luck with phones. They are always breaking before he can get a discount on a new one and the warranty is usually expired. So, I decided to buy him out of his plan and switch him over to my plan. I know, I know...why would I buy him out of his plan and pay around $200! Well, I did the math. A new phone would cost around that for him to buy, with no discount. That $200 smack-a-roos is going to save us $80 per month and here's how! I changed my plan to a family plan, with shared minutes, and was able to get him a new phone for nothing! Chi-Ching, Chi-Ching!
It's nice to be able to breathe every now and then. We aren't out of the water just yet, but these little things have really started to pay off.
Any other helpful tips that you can give, would be, in Clint's words, swwwwwwweeeeeeeeeettt!