Our Historic Compromise

After months and months of tough negotiations, my wife and I have finally reached a compromise to deal with our spending and debt problems. For years we've been living almost within our means.  I say "almost" because while we could have lived comfortably off the $100K we make each year, my wife always put an extra $1,000-$2,000 more than we were taking in on the credit card.  That's what I get for letting her be in charge of our finances. Things changed in 2008.  Our salaries remained the same, but my wife decided that the way to prosperity was for us to go on a spending binge.  Whatever we wanted to buy, we did -- vacations, expensive dinners out, the best clothing, etc.  We were finally living the life of our dreams. Then the bills came due -- over a $100K of credit card debt in one year alone.  While I was worried, I decided to ignore it, and in 2009, we did the same thing.  By 2010, I had become extremely concerned for our future, and by November...(Read Full Post)