Tracking My Increasing Debt and Sharing My Blog Income

Hi! Cat here. You probably saw on Erin’s post that I purchased this lil’ corner of the Internet from her.

Okay okay it’s a big corner of the Internet. And big shoes to fill. I know that I am only like 1% as funny as Erin, and that’s being generous to myself. She has such a hilarious personality and such an amazing writing style that I won’t even try to replicate what she’s done. Still, we’ll try to keep the spirit of her blog alive and just dive right in, even if we have to use every last animated gif on Earth Erin style…

So, what am I going to do with this site?

It’s a good question, one I’ve been pouring over for a while now. I’ve actually been searching for another website to purchase for several months now, but none of them were quite right. I saw lots of really good sites out there, and I came really, really close to purchasing a men’s fashion blog. Like, I made an offer and then I went into labor with my twins the very next day so it never happened!! Crazy, right?

However, I’m glad because what Erin’s been talking about here is important to me too, and I want to turn this into more of a place where lots of people can share stories. So that brings me to my first order of business:

1. I want to feature stories from YOU

A big goal of mine is to help people get all pumped up and sparkly and motivated about getting out of debt and getting on track. Man, it’s hard to save money, and being in debt sucks! Trust me, I know. As I write this I am over budget for the month of July, and all I wantΒ  in the whole wide world is a cookie. A COOKIE! But I’m being good right now.

If you’ve ever felt the same way, I want to hear from you. E-mail me your story, and if we decide to publish it, I’ll be sending ya $5 via paypal that you can either 1) put it towards your pesky debt or 2) buy me a cookie.

2. I’ll be showing you debt as it grows at insane speeds.

I can’t even begin to write about getting out of debt because I’m still going in it! Or rather, my hubs is. In case you don’t know my back story, I’m married to medical school student. Just the other day, with one click of a button, he took out $79,180 in loans just for the next 9 months. Medical school is freaking expensive, and there are all sorts of loan fees and exam fees in there too.

Scary, right? Even more so, healthcare is changing so much. There are far less residency jobs for new doctors, far less job resources for nursing LVN positions, and ever increasing insurance and healthcare costs for all of us. It’ll be interesting to see how we navigate this new world of healthcare and how it affects our ability to pay back our debt and succeed in life in general.

3. Showing Blog Income

I’ve never shared my business income, and I still am not comfortable sharing the entirety of it which spans blogs, writing jobs, affiliate sales, direct advertising, etc. However, I thought it would be fun to share just my RedDebted income. Although Erin had affiliate links throughout the site, those were all hers. Now, the site has been wiped clean in the transfer of ownership and so I will be building an income on here from scratch. I think it will be fun to show the highs and lows of making money with a blog though these income updates. Plus, I know I love reading them from other bloggers so I’m happy to share a slice right here.

Okay that’s enough rambling for now! I hope you’ll stick around and share your debt story with us or at least empathize with mine! See ya around. πŸ™‚

Let the awesome come to you. Give me your email and I’ll give you all my new posts -- win, win!


Comments

  1. Hi! Welcome?
    Just keep on keepin on and one day, hubs will be done and able to sleep again and be bringing in a solid, solid paycheque.
    I like the sounds of the featured stories! Here’s hoping some good ones come out of the woodwork.

  2. Cat, are we twins?! I’m over budget this month too (by $114! So FAR! Ahh!) and all I wanted last night was a frosty (from Wendy’s!) And guess what? I scrounged around in my old purses and found $2. How pathetic is that?

    PS. Is that the type of story you’re looking to post on this site? Or are you looking for a down and dirty ‘$x amount is the debt I’m REALLY in’? How real do you want us to get? πŸ˜‰

    PPS. Congrats on the new site! Looking forward to seeing how you grow it!

    • Ha! It seems that we are! First let me say how extremely jealous I am that you found change in your purse for a frosty. I too was scrounging for change for my cookie until I realized I used my last bit of it to buy a lemonade from my adorable little neighbor’s lemonade stand. It was for a good cause but no cause is as good as a cookie. —- As for the post, I want the realest of the real stories. Hilarious. Ugly. Sad. Whatever you’ve got, we’re willing to take a look at it. As long as it can be motivational to others in some way, I think you could rock it. πŸ˜€

  3. Welcome and congratulations on your latest endeavor! I’m curious about more of YOUR story…why did you want to purchase a blog? How do you know how much to pay? I’m fascinated by this.

    I don’t have any recent “get out of debt” stories, but should you ever desire to learn to trade your own portfolio, I’m your girl πŸ™‚

    • Hey Jennifer! Thanks for the warm welcome! Well I’ve been blogging for over 4 years now over at http://www.BudgetBlonde.com πŸ™‚ I became a full time blogger in January and wanted to grow my empire muahahahhaa. In all seriousness, it’s fun to have more blogs and to diversify a bit and shake things up. As far as how I knew how much to pay, blogs have different values based on their stats and page ranks. Erin had a price and we chatted about it and voila – here I am. πŸ™‚ Trade your own portfolio? What does that mean? Sounds cool!

  4. Excited to see what becomes of the site Cat! πŸ˜‰

  5. Maryann Morris says:

    As I sit here almost comfortably after 39 years of marriage, I can still think back to some of our most strenuous moments. Years ago, analysts proclaimed that handling finances was one of the most frequent deterrents of a happy marriage. As an inexperienced newlywed at the age of 22, I thought that was just ridiculous! Fast-forward one short year, and I was in the midst of not having any clue of how to budget, or Just Say No!! After many arguments and futile attempts of me trying to make/adhere to any semblance of a budget, this Mastered Degree of Education Not Economics realized that it wasn’t going to work on my watch. With great regret/relief, I handed the reins of our budget/finances over to my stronger partner… My fav hubby. It wasn’t easy; it was my job to control all domestic fronts! But if it’s broke, ya gotta fix it!! This was one of his many areas of expertise,and although burdened with other areas, it had to be done. I still regret admitting to what I perceive as my weakness, but Supermom/working mom/every other vital part of wife/mom,enjoys the freedom and joy of doing what I do best!! And so far, there haven’t been too many complaints from kids or fav hubby!!

  6. Wow, this is actually really exciting to hear!! I follow you on BudgetBlonde, so it’s nice that we’ll be able to share this journey with you on making this site your own. πŸ˜€ Ermerrrgerrd, wait til you hear my awful story about personal finance…Is it sad that i’m only 21!!?!?!? Like seriously life?! Couldn’t wait?!

  7. SO excited that you found a blog to grow your blogging empire! πŸ™‚ I can’t wait to see what you are going to do on here. Congrats my friend!

  8. I’m just going to say Welcome…enjoyed Erin, looking forward to “getting to know” Cat…

  9. This is really exciting – especially about being able to watch you build income from this blog from scratch! I’ll definitely be following along.! Maybe I’ll even submit a gust post??? Working on a couple of ideas….

  10. Congrats and best of luck on the new expansion, Cat!

  11. Welcome, Cat! I look forward to seeing what you do in this space. I might have to send you a story, so I can have some coffee money,lol.

  12. How perfect is this blog?! I’m so excited you’re the new owner Cat! I can’t wait to see what you do with it. πŸ™‚

  13. Great work buying the site! I remember you mentioned early this year that this was something you wanted to do πŸ™‚
    Looking forward to seeing some more posts from you, may submit my debt story soon!

  14. Woohoo, I’m really excited to see how this site turns out with your new direction πŸ™‚ Good luck Cat, as if you didn’t have enough on the go already!!!

  15. I love hearing others’ debt stories. Not because I’m a negative Nancy, but because it’s good to know that I’m not alone! Looking forward to the future of RDSC!

Speak Your Mind

*