So it looks like we’re in collapse and people are killing each other in the streets. Oh, wait, no, not really.
Sure, the markets are having a fit, which makes it painful to look at our retirement accounts. Except that we aren’t planning on touching them for many years, so eh. Feel a little bad for the baby boomers inching up on retirement, but really, not much. Yes, I know that schadenfreude isn’t exactly a positive emotion or anything, but many of them have defined their lives by excess so they shouldn’t be surprised when it comes around to bite ‘em. A little frugality isn’t perhaps a terrible thing.
Meanwhile our politicians are tripping over themselves trying to do, well, I don’t really know. Looks like they are hellbent on trying to find a way to spend my son’s future income in an effort to stave off what will be an admittedly painful correction. Personally, being a free market kind of guy, I say go ahead and let it correct. But I am probably missing the big picture.
That said, at least in our household, things are certainly not flying off track. In fact, despite the supposed tightening of the credit market, we just received notice that one of our credit cards has substantially increased it’s limit. Thanks, but we really don’t need it. We won’t mention that to the government, because they may just decide they need that as well! 
We did a decent job of killing off more debt this month. Broke well past the $1000 mark. And honestly are still living quite comfortably even with that kind of progress. We could probably introduce a little more pain and get the ball rolling a little faster. But that’s a budgeting issue, not a reporting one.
I’ve been having a lot of fun recently with my side business, and it’s beginning to really take off. Right now it is not adding any to our debt attack plan, as I am stockpiling cash right now in anticipation of further expansion. The holidays are rapidly approaching, and I have a feeling I’ll be spending a fair amount on advertising soon!
Oh, and oops, I will take a cue from Wall Street and restate some debt. I misread a medical bill statement and understated that debt by around $800. Where’s my bailout?
| Aug 31’08 | Sept 30’08 | Change | |
| EVERYTHING We Owe | |||
| Credit Card Debts | |||
| Chase | $17,757.23 | $17,476.08 | ($281.15) |
| Other Debts | |||
| Home Mortgage | 38,465.14 | 38,415.61 | (49.53) |
| Low Energy Loan | 14,303.58 | 14,178.37 | (125.21) |
| Line of Credit | 22,826.29 | 22,546.34 | (279.95) |
| Medical Debt | 4,815.31 | 4,315.31 | (500.00) |
| TOTAL Liabilities | $98,167.55 | $96,931.71 | ($1,235.84) |
