The D-Word

Debt is the only four-letter word no one talks about unless we are griping about the current state of political affairs.  But we all feel the sinking in our hearts, that punch in the gut, the hopelessness when we hear that word.  Debt.  The calculator starts running in my head subconsciously when I hear the word debt, when I swipe my ATM card at the gas station or the store.  I am human living in a consumerist society.  Everywhere I go, I am not encouraged to save and pay off debt but to spend and consume more.  I am enticed by sales, promotions, BOGOs, Groupons, and in some weird way, I feel like by spending more on these items, I am actually saving.

It all began when we moved to Seattle and Duane's only income for four months was unemployment.  I make a modest living, but my paycheck covers the bills and that is it: water, gas, rent, food, mortgage, electricity, student loans, retirement fund (I will address this in a separate blog and why it goes in this category, but think about it for now), and daycare.  It doesn't even begin to pay the health or car insurance, Pocky's annual vet visit, medical bills, haircuts, dog food and medicine, clothing and diapers for August, cell phone payments, and it certainly doesn't put a dent in the credit card bills or any kind of entertainment fees.  Duane and I were sitting in the apartment hot tub a few weeks ago adding up our bills.  We try to talk about our situation as much as we can; we talk about our struggles, successes, ideas, and we give each other positive and negative feedback about what worked and what didn't.  As I talked about in my blog last night, this was the first step for us, to remove the taboo and the nature of talking about debt as if it's a dirty word.  You aren't going to make it go away if you don't even acknowledge it.

I check the Craigslist "free" column regularly and saw a free photo shoot if only August would model very expensive christening dresses.  Not only did we not have to buy the dress, but we didn't pay for a professional photo shoot as well.

The first thing we had to do to start paying down debt, was identify our priorities as I mentioned in the "Are You Ready" blog.  Once we could identify what was a necessity--and this is an important distinction to make since we once thought TV was a necessity--we could begin removing payments from our monthly outflow.  TV used to be a big part of our life but when we moved here, if it didn't directly contribute to our ability to eat, sleep, or get to work, it wasn't a necessity.  The problem with moderation when you've been living in excess for so long is that if you don't scale back a lot, it will be easy to return to the previous spending volumes once you are debt free.  It doesn't work like that, just like a lot of people who lose a bunch of weight by dieting regain the weight because they don't make a lifestyle change.  That's what this is about.  This is your new reality.

What did this mean for us?  What did we cut out?

I began making baby food for August because the jars were expensive and they weren't organic.  It only took me a few hours and I made enough for all three months she was eating purees.