Incredibly Frustrated

During my routine 9:45 AM call to my sister she mentioned that I had received an envelop that looked like it could potentially be my W2s. In my complete and utter excitement I told her to rip the envelop open so she could confirm right then and there. She confirmed that in fact it was my w2’s. I have not felt that sense of relief, happiness, and excitement in such a long time. My happiness level was a solid 10/10 in that moment! I told her I would literally run out of my office right on time to go pick up the paperwork and immediately drop it off with my income tax lady. No matter what the amount of my refund is, it is going to make a hell of a positive difference for my next couple weeks/months.

My work day ended and I RUSHED to my sisters house, picked up the envelop and drove straight to the income tax office.  Mind you I decided to skip on the gym to make sure I got to the tax office before it closed. I LOVE going to the gym, so skipping out on it is a huge sacrifice for me. I pull up to the parking space and decide to take a look at my W2s just to make sure all looks good. I notice it looks completely wrong. I definitely made way more gross income than was indicated. My freaking W2s are filled with errors, and therefore I cannot file my taxes. Not only can I not file them right then and there, I have to reach out to my payroll contact, figure out whats wrong, and get them to correct it.  God knows how much longer that is going to make this whole process and I needed that return yesterday!

Has this ever happened to you? Was the process as complicated as I imagine it will be? Help!

Hello Rock Bottom

I’ve been broke, I’ve been real broke, and less than two months ago I found myself INCREDIBLY broke. I mean, just a few pennies in my checking account, zero in savings, and completely maxed out credit cards (4 credit cards to be exact), BROKE. The night it finally hit me, I couldn’t sleep. I was having a major panic attack. I had hit Rock Bottom. Over a decade of being fiscally irresponsible finally caught up with me, and it was not pretty.

The following day I decided to face the music. I had no idea what my total debt was, but I knew that if I was completely maxed out on all my cards, it was not going to be good. I opened up Excel and added it all up. Even though I didn’t want to know the truth, I had reached a point where I didn’t have another option. I titled the document ‘financial budget’, although I had no idea what either of those words truly meant. I created a column for credit card company name, and one for total balance. I logged into each of my four credit card company websites, and added one total after another. It went a little something like this:

American Express – $10,839.45

Mastercard – $4,533.39

Chase #1 – $2,066.29

Chase #2 – $11,618.44

That comes to a whopping $29,057.57. And as if that weren’t enough to send me straight to the emergency room – there was also the two personal loans I had taken out. I added those in to get a clear picture of how deep the whole in the ground actually was.

Loan # 1 – $6,025.87

Loan #2 – $11,426.70

So there it was. $46,510.14. Only 31 years old and over $46 THOUSAND DOLLARS in debt. The questions started rolling in.

How in The H*LL, did this happen?

How did I allow it to get this bad? I mean I knew it was bad, but never imagined that it was THIS bad.

And all for what? What exactly did i spend so much money on?

But even more importantly, now that I am here, how am I ever going to be able to get myself out?

I decided right then in there that I would need to completely overhaul my life and change practically everything about my relationship with money.