Today’s post feels embarrassing and humiliating. I want to be successful and make great strides in our debt reduction. I don’t want to keep going further into debt.
But maintaining my positive outlook, I have to remind myself that the choices we made last year were for a reason. Something happened that had to happen, we incurred debt, and didn’t pay enough income taxes. All year long I knew it was going to be a problem, but I didn’t take action. Now we will pay for that mistake.
I finally played around with that income tax calculator that I posted about months ago. I was right, we will owe about $2000 in income taxes. Money we don’t have at the moment. I don’t even want to know what we’ll owe the state.
So on with the positive thinking:
- Get our income taxes done, make the payment so we can get in line for that tax relief check. That will help pay some of the $2000.
- Our total debt including our mortgage is only ~$65K. That’s really not too bad.
- So far Mr. A’s business is bringing in steady money.
- He still has one more full paycheck from his last job.
I guess that’s all I can think of for now.