Can’t Help Getting into Debt

by Giselle Aguiar, Guest Blogger

Sometimes, no matter how much you try, you just have to get back into debt.

Two years ago, I was so proud of myself — I was debt free — even my car was paid off!

Then I started my own business. I needed to get a better, faster office computer (my old laptop just didn’t cut it), so I charged it.

Then l needed to get a solution for presentations, because the old laptop kept crashing on me in the middle of teaching a class. I decided to look into a tablet. The salesperson told me that it had a presentation app and that I could connect it to a projector or HDTV with an adapter (extra, of course). So I got it and got into more debt.

Then when I try that app for a presentation, it didn’t import well. I would need to redo most of the presentation to make it look decent.

Back to the computer store to get a new laptop and deeper in debt.

Then I went to get the oil changed in my car and the check engine light was on. My 9-y/o car needed a new catalytic converter before it would pass the emissions test.  The car’s probably not worth $2000. I had to think about this, but I had a May 30 deadline.

Then I went to the dentist. (Isn’t the dentist just as bad as the car repair place? — Go in for an oil change and you need $2000 worth of work; go in for a cleaning and you need $2500 worth of work.) But of course, they have several payment options. My mountain of debt is growing.

Back to the car issue. I decided (after researching the idea of getting the car parts online and having my neighbor do the work) to buy a new car. Yikes! The mountain got even bigger!

MyMtnofDebtGettingBigger

Sam, is adding my car loan debt. I wonder what will happen when Amex gets paid off next month!

Disclaimer: My Mountain of Debt is a client of mine. I got the app when I just had the computer purchases and it was cool to see the little ant knock down 15% of the bricks in my mountain when I made a couple of payments.

Now, as I add more debt, I still have to pay down the other cards, so I’ll have that little guy working overtime! Considering my mountain seems more like a pit, at least I can have a little fun, watching Sam, the ant, knock it down.

My Mountain of Debt

I work hard to pay of my debt, now its Sam’s turn.

I’ve taken Dave Ramsey’s Financial Peace University and it’s easier said than done. Every time I’ve got a handle on the debt and start building the “emergency fund”, an emergency happens. I’m sure many of you can relate. I do recommend listening to Dave Ramsey as he has great advice for folks like you and me in regards to debt, budgeting and buying big-ticket items.

About the Author:

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Giselle Aguiar is a social media, inbound and content marketing strategist & trainer helping business owners learn how to leverage the power of social media marketing, increase traffic to their websites, generate leads, increase brand awareness and establish themselves as experts in their fields.

Giselle has worked in Internet Marketing in one form or another since 1995. Before that, she worked in traditional marketing, promotions, hospitality, event planning, retail and broadcast media. She’s the Official Blog, Newsletter and Social Media Manager for Greater Phoenix SCORE and an Adjunct Faculty at Phoenix College. Contact her at giselle@azsocialmediawiz.com. Website: http://azsocialmediawiz.com

 

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