Day 27: Debt Regret

When I got married I brought into our marriage a lot more than love, happiness, and until-death-do-you-part vows. I brought in a lot of debt. Unfortunately, my irresponsible spending habits in college had a long term affect that I wasn’t able to comprehend until years later. Lucky for me Kyle is one of the most gracious, non-judging people I know. I still remember a conversation we had when we were engaged and talking about our wedding budget (because we had to pay for our entire wedding ourselves too!).

http://www.businessweek.com/articles/2012-08-30/why-credit-card-firms-are-sweet-on-you-again

Photo Credit: Businessweek.com

Me: ‘I’m really sorry that I’m bringing into our marriage so much debt.”

Kyle: “Babe, it’s okay. I’m not marrying you because of your credit cards, your debt, or lack of debt. I’m marrying you because I love you.”

Me: “Ok. Ok. Fine, but seriously, you’re not mad? Upset? Nervous? Scared?”

Kyle: “No. I’m not. But we as a couple can’t continue your spending habits when we get married. We have to make some changes.”

I can’t say that it’s been a perfect transformation. Like with anything in life, there are definitely still areas to work on.  These can easily be adjusted by avoiding Pinterest and visits to Jcrew. But, realistically I think it was Kyle’s response that changed me and my habits.  Knowing that I wasn’t going to be judged and he wasn’t angry or upset has led me more to make the “right” decisions with our finances. Also, knowing that my decisions were going to impact not just myself but him as well as also influenced many purchases. I don’t want to take advantage of my husband and I don’t want his grace to be ‘worn down’ by my irresponsibility or selfishness.

The other huge influence in getting rid of debt has been reading retirement books. Nothing will get you moving in the right direction than seeing your “estimated” future retirement dollars and what life is going to look like when you hit 67 years of age.

Saving for Retirement (Without Living Like a Pauper or Winning the Lottery) Updated and Revised

Photo Credit: Amazon.com

This is definitely one of our favorites that has been the most influential in our financial decisions. We recommend this to anyone and everyone. Gail breaks down the intimidating financial terms and has great suggestions for planning your retirement today. I can’t change the fact that I wasted a ton of money on clothes, shoes, and purses over the years, but what I can change is my spending habits and planning for our future now.

Day 1: Surviving your spouse on an international trip
Day 2: Never order flowers online
Day 3: Bucket List
Day 4: Pet Peeves
Day 5: Biggest Fear
Day 8: A little honesty goes a long way
Day 10: A voice from the past
Day 11: Confessions from a wanna-be-cook
Day 13: Top 10 Must-Haves for International Travel
Day 14: Hi my name is Jackie and I am addicted to Senor Taco.
Day 17: Daily Life in the Ostlie Household…in Rhyme

Day 19: Superpower = Life without pain
Day 20: The Beautiful Life
Day 22: The Kullbergs
Day 23: Dessert for Breakfast
Day 24: TV Teachers — Five Life lessons from the small screen

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Because January can be boring. Join us for a January Blog-A-Thon. Post a photo, video, sentence, anything that you want to! And if don’t feel inclined to blog, do come back and see what we’re up to. I can guarantee you’ll be entertained.

3 Comments

  1. Thanks for being so honest! Money is a tough subject.

  2. Thanks for being so honest! Money is a tough subject.

  3. Money is a very tough subject and a deal breaker in relationships, good for you for trying to get ruid of your debt and realizing what you can do about it!

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