Welcome to Our Family Finances. On this blog, my family will chart our course in reducing our debt, saving for the future, and enjoying ourselves and each other. My wife (also an author here, under the username fizoo) and I have been married for twelve years now; after some fertility problems, we were blessed with twins A. and C. two-and-a-half years ago.
We come into this with some challenges. We own our home, a 5-bedroom 3-bath rambler in Montgomery County, MD, but because of unsustainable lifestyle choices over the years, we've run up quite a lot of debt. We've refinanced our house to take advantage of ridiculous appreciation, but all that did was saddle us with bigger and bigger mortgage payments. We've since called a moratorium on re-fi's, but have still accumulated almost $40,000 in debt through car purchases and credit-card spending.
We hope to use this blog as one of our tools for tracking and motivating our financial journey. Perhaps others will find inspiration in our story, and will want to share their challenges and successes as well.
Joe
12-December-2007
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