This blog post is dedicated to that four-letter word that will make any finance blogger blush, twitch, foam at the mouth even: Debt. We have it. We have lots of it. To be precise, Mr. P and I have six figures worth of debt, and the first digit wasn’t even a 1 until this past month. The scariest part of all of this debt is that I didn’t even realize it was debt until about a month ago.
For the past three years, we have been homeowners, and it took me over two years to realize that my mortgage was, in fact, debt. On a subconscious level, I knew it was debt in the sense that I knew I was obligated to fork over a monthly payment. I also knew it was a significant amount of debt when I joked at the closing that we were now the proud owner of a window and a doorknob since we had (only) purchased 20% of a home. But it was not until a month ago that I actually uttered the phrase, “We are buried in six-figures worth of debt.” Prior to that, I had always just called it a mortgage. Continue reading “How I Fell into Six Figures of Debt Without Noticing”