What I’ve been up to and where the money stands

A lot has happened since I’ve been MIA. Our once $10K debt is now at $18K. My husband had to get his car fixed, got an unexpected $3K vet bill, had to pay for his schooling and our East coast trip. That increase in debt took a toll on my mental health. It was overwhelming me and I secretly blamed him for it. I tried my best not to let it show and drag him down too but eventually, it happened.

I got him to do his 2015-2018 taxes and he’s getting at $9K refund in total for all those years so we’ll be applying that to the debt.

It’s unfair to blame him for the debt but I think it’s good that we are tackling this as a team. I have a friend who has newly acquired student debt and her husband refuses to help her pay it down. Different strokes for different folks, I guess. I just think doing a tag team on the debt will benefit both parties in the end.

Until the debt is paid off, I need to remind myself that it’s a marathon and not a sprint. Progress will be made as the months pass and as the paycheques come in. Now I need to decide whether to cut my RRSP contributions until the debt is paid off.