Welcome to GOOD Post #1? What is GOOD? I'm glad you asked. GOOD is my acronym for
Getting
Out
Of
Debt. Recently, a good friend told be about
Dave Ramsey's Total Money Makeover.

I read this book, and it has changed the way I look at money...more specifically the lack of it. My previous retirement plan was to die young. That's right. Live for today and hope tomorrow never comes. Or at least hope that I won't have all that many tomorrows to worry about. There seems to be a little problem with the execution of my plan, though. (No pun intended.) I haven't died yet, and I no longer consider myself "young." Barring any unforeseen circumstances, it looks like I will be on the earth for a little while yet. ::sigh::
OK then, time to take the proverbial bull by the horns. I'm sure there are lots of ways to do it, (robbing banks? prostitution?) but I decided to do it legally, the Dave Ramsey way. Below, I've broken down his Baby Steps into an uber-simplified version. If you want to know more, ask me. No, wait... I'm hardly an expert. I'm following his plan with the blind faith of a sheep following a shepherd. Baaaaa. If you have any questions, buy his book, or get a copy from your local library. In a nutshell, here is Dave's Plan.
Baby Step 1: Save a thousand dollars. This is your Baby Emergency Fund. It is there so that while I am busy getting rid of debt, I won't go
further into debt
if WHEN something goes wrong.
Baby Step 2: Pay off your debts (except mortgage), putting every spare penny that you can on the
smallest debt, while paying minimums on the rest of them to keep them current. When the smallest debt is paid off, you can pat yourself on the back for being so hardworking and clever, and then move on to the next smallest debt, adding what you were paying on the first debt to whatever spare cash you have to pay off debt #2 until
that is paid off. Then, congratulate yourself for being so hardworking and clever again, and move on until all debts are paid off. This stage is called the “debt snowball”.
Baby Step 3: Increase the Baby Emergency Fund until it’s a full fledged emergency fund of three to six months of living expenses. Wow. Seems like a lot, but I'm determined to do it when I get my debts paid off.
Baby Step 4: Start putting fifteen percent of your income into retirement savings. This is on the assumption that my initial plan of dying young is not going to come to fruition.
Baby Step 5: Save for kids’ college. WHEW! This is just reason #2,498,589 why I never had kids. No college savings. Although if I did have kids, they would be in college right now and I would be totally screwed. Or rather THEY would be totally screwed. Hey, I paid for my own education, so any mythical, imaginary kids of mine can do the same thing!
Baby Step 6: Pay off the mortgage. Mortgage? You have to have a house to have a mortgage, right? So I guess I can check this one off... In place of steps 5 and 6, I don't see why I can't substitute my own:
Baby Step 5&6: Save for my dream house. Do you think
this one will still be up for sale?

Yeah, I don't think so either...
Baby Step 7: Continue to grow wealth. Give some away, have fun with some. Live like no one else. If I live that long.
So there it is. I've been on this GOOD journey for not quite a month now, and it came to me last weekend that I needed a visual representation of my debt. I channeled the inner School Teacher in me, and I made a paper chain.

Nice, huh? All those years of college getting my degree in Elementary Education didn't go to waste after all!
Each link in the chain represents $100 of debt.

Holy cow. That's a lot of links. That's a lot of money!

How did this happen?
After finishing the chain I wanted to cry.
And then throw up.
And then go to bed and never get back up.
And then pray for a Comet to come and smash into the earth to put me out of my misery.
After I indulged myself by acting like a child for a good 10 minutes, I decided it's time to put on my big girl panties (so to speak) and deal with it.
I'm determined to do this thing.
I will be debt free.
I WILL.
So anyway, from time to time I will be blogging about my journey out of
hell , umm, debt. The silver lining to this black cloud of debt is that if I never make another yarn purchase, I have enough sock yarn...

...to last me a good long time!