Tag Archives: debt

DIY Approach to Reducing Debt

By Lorena Benchis DIY approach to reducing debt Having outstanding debts is not usually a comfortable position to be in and the greater the debt that you owe, the worse it makes you feel. Debt is often the cause of anxiety and sleepless nights and can lead to depression. The worst thing you can do about debt is nothing. The ostrich mentality where you bury your head in the sand and pretend it’s not happening isn’t going to help matters, … Continue reading

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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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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

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Scooting across the finish line

I have a hard time finishing projects – my chaotic mark can be witnessed in all sorts of places in my life – the unfinished novel (not to mention a bunch of stories that I’ve started, discarded, etc.), the recipe project I’ve been working on for about a zillion years where I’ve saved recipes from about five years worth of cooking magazines with the intent of organizing them and creating a binder of awesomeness, the quilt I started a few … Continue reading

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Aliens did not abduct me, the closet ate me?

Wow, I have been lax at writing … so first and foremost, sincere apologies. I swear that I was not the victim of an alien abduction. Debt collectors did not spirit me away either. I was abducted by summer. But now, summer is winding down so I have returned from my mental vacation and am back to bother you all with my random ramblings. On the debt front – I am well on my way to being done with the … Continue reading

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31 Goals for my 31st Birthday

OK – first and foremost – I have to get this out there … I really like my birthday. I have no reason not to like my birthday, because I don’t mind getting old. In fact, I relish the idea that I become wiser and better every day that I’m walking, breathing, sleeping and eating. This is probably one of those times where I am annoyingly “glass half full” or in honor of my b-day – cake half there instead … Continue reading

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What is your story?

One of the things that I liked – and continue to miss – about the world of journalism was the expectation that on a daily or weekly basis, I was paid to tell stories. Oh yes, these were stories that were rooted in fact and some of them weren’t very compelling (i.e. – explaining school tax levies? Thank God for flow charts and graphics.). But every once in awhile, I got to talk to someone pretty nifty and ask them … Continue reading

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When did you decide to get out of debt?

Thanks for the comments about garage-saling. The best one I got from Twitter was a cast iron skillet for $2. I can remember when I decided to enter my Debt Management Program (DMP). According to my program’s records, I would have started my program in July 2006 (I joined the day after Independence Day – yes, I see the irony) with over $10,000 in credit card debt. I had maxed out credit cards, late charges that kept multiplying and phone … Continue reading

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And I feel broke somedays …

Just when I feel bad about my paltry $5,000 of debt, I find something that makes me feel better. In this case, I just remind myself that I’m not Hillary Clinton who, according to CNN, is currently $6 million in debt. Sure, this is down from $25 million, but I’d love to hear what her cost-cutting strategies are. Does our country’s new Secretary of State clip coupons? Does she feel some pressure to “keep up with the Jones” (or the … Continue reading

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Selling my schtuff

Rebekah, one of my fellow bloggers, recently posted an article entitled “A Time to Sell.” Rebekah is taking a Dave Ramsey class and one of his adages is to sell everything to get out of debt. I love Dave Ramsey’s concept that you should live like no one else so later you will live like no one else (i.e. – save your money now, get out of debt, etc., and you will reap the benefits of financial freedom later), but … Continue reading

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