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Category Archives: Debt Reduction
$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
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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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What won’t you cut out of your budget?
I’ve been on a minimalism kick lately. You wouldn’t know that to look around my home office, or my home in general, but really – I’ve been doing a lot of thinking about minimalism. Maybe the key word in that last sentiment is “thinking.” Faith Janes posted a piece recently that talks about “Experiments in Simplicity.” Let’s face it – it’s not going to take a single weekend to declutter over four years worth of stuff. (And that’s only the … Continue reading
Posted in Debt Reduction, Good Reading, Minimalism
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Why you cannot take “stuff” too seriously …
I had to make a confession to my husband today … pre-shared checking account days and pre-new job with great salary days, I spent a ridiculous amount of money on what I now use as my laptop bag. I actually got two purses from one of those stupid home parties and paid over $100 for both of them. But the laptop bag usually retailed at about $130 and … well. That’s a lot of money. It’s a lot of money … Continue reading
Posted in Debt Reduction, Everyday Living, Random!
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How to freeze cilantro … and why you would want to
My husband and I were driving down to our class reunion this past weekend and right as we crossed the state line from Minnesota to Iowa, I asked him a very serious question. “Honey, do you think I’m odd?” To my husband’s credit, he only paused for a moment before replying: “Well, yes, but in every good way.” What sprung this line of thinking was my thought process regarding a dinner party we were going to be hosting on Sunday. … Continue reading
Dear Me …
The Guardian recently posted an article called “Dear Me: Celebrity Letters to Their Younger Selves.” It was an adorable read with letters ranging from one of my childhood heroes (Stephen King) to amazing actors such as Gene Hackman. Given the professional accomplishments of these celebrities, it was a hoot to read what they had to say to their younger selves … what pitfalls to avoid and mostly, to remain kind to themselves. This past weekend, my husband and I went … Continue reading
Posted in Debt Reduction, Everyday Living, Good Reading
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So long, farewell Netflix
Well, I did it … I finally cancelled my Netflix membership. No – it really has nothing to do with the price increase. I detailed some of my thoughts about Netflix’s price hike here. My decision has a lot to do with something I reference in that article I wrote in late July … that DVD that I referenced having since June? Up until I hit the “cancel” button on my account, it was still unopened and sitting on top … Continue reading
Posted in Debt Reduction, Everyday Living
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