Getting out of debt - best financial advice/plan?
Posted 08 January 2009 - 10:20 PM
Posted 11 January 2009 - 12:09 AM
Posted 12 January 2009 - 10:28 AM
If there's something about the person or the advice that you just don't like, don't try to apply it directly. You don't want to get into a situation where the you resent or don't follow someone's advice because you don't like the person.
For me, when I was working to get out of debt, I made a budget and stuck to it. And that amount of self control was really hard. One of the things that made it easiest for me was that I put away my credit and debit cards. If I went to the bank and took out $100, I was far less likely to spend it on stuff I didn't need (Starbucks, etc.) than I was if it was as easy as pulling out a credit card. I also built "rewards" into my budget so that when I hit certain milestones I was "allowed" to have a treat.
Also, I called my credit card companies and had them reduce both my interest rates and my limits. And now, I have a rule that I pay off my credit card debt in full each month.
But being out of debt, or mostly out of debt (because I don't count the mortgage), is a WONDERFUL feeling.
Happily married since 2008
Allurements by Rebecca - Destination Wedding Invitations and more
Posted 12 January 2009 - 10:43 AM
other than that the car payments are our only outstanding debt and both of those will be paid off within 4 years. once we become empty nesters (haha, come on 18!!) there will be a lot less financial strain.
sorry erin i know that doesnt help you out, but just thought i'd add my story.
Posted 12 January 2009 - 10:56 AM
Sorry...that's my rant for the day!
Posted 13 January 2009 - 04:47 PM
For me, it was really about approaching this as a permanent lifestyle change (like eating healthier and exercising) rather than a one-time thing. I'm still not perfect-- I know I could save more than I do -- but I have been debt-free for a year and it is so liberating.
Posted 13 January 2009 - 07:45 PM
Sorry for the hijack ladies!
...now back to your regularly scheduled thread...
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