Archive for January, 2008

Parents and Money

Thursday, January 31st, 2008

Photo by Joe and Sarah licensed under Creative Commons
TheHonestDollar has a post up about how personal finance is like riding a bike. It’s a great post, and the comments got me thinking about training wheels and the role of parents in how we learn to ride bikes and handle money.
I learned to ride a bike [...]

When Spending Money Hurts Like Pulling Teeth

Saturday, January 26th, 2008

Photo by Conor Lawless licensed under Creative Commons
My wisdom teeth are coming out in a few weeks. In order to keep the cost around $500 instead of $1,000, I have decided to skip the IV sedation, and stick with just novacaine.
In Debt thinks that is crazy. I think that it is both reasonable and necessary, [...]

Never Find a *Debt* Like This

Wednesday, January 23rd, 2008

In Debt and I go back so far… oh, whatever. Cut the corny lyrics, In Debt and I just realized that we’re in debt. Okay, so we knew it before, but we finally got around to calculating the exact amount of our credit card debt. We have a total of ten** credit cards and $11,400 [...]

A Frugal Breakfast

Thursday, January 17th, 2008

Photo by monkeyone
Under current circumstances, there are only a couple of expenses that can really be controlled. First among those is food.
As in most areas, I would previously spend money on what I wanted without giving it a second thought. To help save money, as well as to help me be more conscious about spending, [...]

The Past Few Months

Monday, January 14th, 2008

As you might have guessed from my previous post, finding a job in Young’s native region didn’t go quite as quickly as I’d hoped. Over the past few months, I have gotten a little contract work, but nothing permanent.
In part, I realize, this is because I haven’t really been going about things in an efficient [...]

My Financial Background – Young

Tuesday, January 8th, 2008

As a child my parents explicitly taught me about money, and specifically to avoid debt. They had no mortgage and paid their credit card(s) off each month. They never talked about credit scores because they were irrelevant. The point was to spend less than I earned- a lot less. I took their lessons very seriously [...]

My Financial Background – In Debt

Friday, January 4th, 2008

One of the challenging things about trying to manage finances as a couple is the differences in our financial backgrounds, and the consequences that this has on our current attitudes and behavior. This is a summary of my (In Debt’s) background.
When I was growing up, debt never really affected me negatively. I was vaguely aware [...]

Hello, my name is In Debt, and this is Young.

Thursday, January 3rd, 2008

Welcome to our blog. This is a place where we will write and share about our experiences of being young and in debt, as well as our attempts to fight our way back out from under that burden.
I think that our experience parallels the experience of many others who find themselves in debt in their [...]