Archive for February 23rd, 2008

Getting Out of Debt

Welcome to 6FiguresNBroke.com - that stands for “six figures and broke.”  I am a stay-at-home-mom to two young children and my husband is an engineer-type who earns a six figure income, annually.  We have mountains of debt and have vowed to make a lifestyle change - stop spending and start getting serious about paying down this debt.  Thankfully we are not in dire straits.  We have a fixed-rate home mortgage with a great interest rate, a fantastic interest rate on our car loan and credit cards, and both have good credit scores.  However, we have realized that we need to stop the financial bleeding and start getting serious about getting out of debt.  Once we’re out of debt then it will be even easier to plan for the future.