Posts Tagged ‘financial’

My Jeep - stalking prey in it's natural environment

I love Jeeps.  In fact, I’ve had 4 of them (if you count the Grand Cherokee I had for 6 months).  If you count my wife’s Jeep, then I’ve had 5.  My current Jeep is a 2006 Wrangler Rubicon.  I love it, it’s by far the nicest one I’ve owned.  I had a CJ-5 in high school and I bought a CJ-7 just a few years ago.  I got rid of it and the Grand Cherokee to get the Rubicon when I decided owning 2 Jeeps was pretty unnecessary.  My love for Jeeps runs so deep, I even married a girl who owns a Jeep (hers is a 2007 Wrangler Unlimited for those keeping track).  Granted, that’s not the only reason I married her, but it was a pretty sweet selling point.

Now that I’m married, I have been thinking a lot about finances, specifically debt, and wondering if making payments on two Jeeps is a smart idea.  My wife and I have two car payments, a motorcycle payment, credit cards and student loans.  I understand that it’s not so abnormal to owe lots of people money.  In fact, I would venture to guess that you are in a similar situation. Although debt is normal, normal does not seem to be working anymore.  At least not for me.  I see a lot of people around me who are struggling financially, but have no plan of escape, and don’t have any idea how to even start to dig free.  I want to be in charge of my financial life.  My wife and I decided to take Dave Ramsey’s Financial Peace University course and in it, we are learning about how to look at money from a different perspective.  To be honest, we just started the course, but it has already taught us a lot about money, retirement, debt, emergency funds, credit cards and savings.

http://www.freedigitalphotos.net/images/view_photog.php?photogid=1499

I put a quarter in, but the loan on the piggy bank is $100 a month

My wife and I have been talking for a few months about our debt and how we plan on getting out of it.  We are both fairly impulsive with our money, and we both want need to make better decisions.  We both want to have more financial freedom and we both want to be able to give money to those who need it.  We also would love to be less tied down by our debt.  We want to be able to move around and do whatever we feel called to do.  We are sick of being stuck by our financial decisions.

We now have a choice to make.  Keep the Jeep because it’s fun, or sell it because it makes financial sense.  If I sell the Jeep, I can make enough money to pay it off and buy a cheap car with the money left over.  How willing am I to get out of debt?  How willing are any of us?  Are you out of debt?  Did you have to make tough decisions?  Are you glad you did?

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