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Yearly Archives: 2012
$125,000 of Debt
By Debt Avalanche As part of the debt avalanche, we ended up getting rid of $125,000 worth of debt in 9 months. Here is how the debt was broken down: credit card 1: $8,250 @ 6.9% credit card 2: $5,300 @ 8% credit card 3: $13,500 @ 9.9% credit card 4: $6,600 @ 17% credit card 5: $19,800 @ 23.5% car loan 1: $24,000 @ 2.9% car loan 2: $6,000 @ 4.2% student loan 1: $30,000 student loan 2: $12,000 … Continue reading
Debt Avalanche
By Debt Avalanche There is an elephant in the room when it comes to debt reduction that nobody seems to want to talk about — that people want to keep their current lifestyle as much as possible while reducing their debt. The fact is that 99% of people that begin the debt reduction process do so while trying to keep their current lifestyle in tact as much as possible. I decided that for me this was the wrong way to … Continue reading
Posted in Debt Reduction
Tagged debt, debt avalanche, Debt Reduction, debt reduction avalanche, hard core debt reduction
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Create A Budget: Debt Reduction Basics
When you put things in black and white in front of you, they all of a sudden start to make a lot more sense. This is very much so the case with fixing your debt – writing your budget in black and white on a piece of paper will help you to realise the sectors of your life in which you can save money and the sectors in your life in which you can spend more. When it comes to … Continue reading
Posted in Debt Reduction
Tagged budget, budgeting, cable TV, debt basics, Debt Reduction, reducing costs, reducing debt, saving money
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Debt Will Not Simply Disappear
One of the things that many people do when they are in debt is bury their heads in the sand pretending that everything is OK and hope that the debt problems simply go away. In reality, you may feel better in the short term by taking this action, but in the long run, all you are doing is creating more financial problems for yourself. Speaking to your creditors is one of the best debt reduction tips that anyone can ever … Continue reading
Posted in Debt Reduction
Tagged credit card debt, debt, debt modification, Debt Reduction, talk with creditors, utility debt
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