How I did it: worked an extra job and paid down my debt with half of my bi-weekly salary. I cut down on my starbucks visits to 2 times a week max. Stopped buying water. Ate at home, brought my lunch atleast 4 out of 5 days. Rented movies from the library. Instead of doing work at a coffee shop, sat at a library - less distractions and less spending money on food and lattes. Kept my credit cards at home. Got into the habit of window shopping before making buying decisions.

Lessons & tips: Pay with cash. Only use your credit card or bank card in case of emergency. Otherwise leave it at home. Reflect on whether you really need something. Clear your clutter in your home. Getting rid of things you don't use puts things in perspective on how you might have accumulated the debt in the first place, getting stuff u dont need. Live frugal and you will be much happier and wealthier.

Resources: researching articles online

Jan 19, 2010, 11:24PM PST | 0 comments | 4 cheers