lancscat is sorting her life out!
Untitled
3 days ago
sold my house and paid off a few credit cards, still a way to go yet.
People who have done this
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How to pay off my debts
It made me
Free!
 "Being debt free is so liberating. Having good credit is invaluable, and there's nothing like qualifying for 0% interest on a car!"
How I did it: Today I officially payed of my student loan, and all my credit card balances are at zero! Aside from my loan I never really had major debt to begin with. I did not take out any credit cards in college, knowing what a slippery slope that could be. I actually did have bad credit for a time from identity theft, so I had a taste of how bad things are with a low credit score. Fortunately I was able to resolve the situation with a lawsuit and my good credit was restored. Having good credit has lots of perks like low interest rates, high spending limits, and no interest for a year offers. Lessons & tips: You have to be responsible. Having a budget, keeping track of my spending, and balancing my checkbook are all habits I practice. Discipline yourself. I work for myself and pay my own taxes so I HAD to make it a habit to have my checks deposited to my business account first and then pay myself the after tax balance, just as you receive your paycheck with the taxes taken out from an employer. I have friends that freelance too and don't put away the tax money, which leads to a bad situation come tax time.
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More "How I Did It" stories
thejourney is letting with love and kindness
It made me
Happy, Joy!
How I did it: I set up automatic payments. You forget about the money because you never see it go. When one debt was paid off, I put most of it on the next in line and put a small amount into savings. So I paid my debts and myself. Read how I did it…
ellaesflavia is planning how to start her journal
It made me
incredibly happy
How I did it: Well it was hard, I had a crappy job, a really crappy one for like 8 months, still I'm thankfull for it because I'd have more debt if I had no job. Anyways... I got a new job on december and the money I received from it helped me getting all done and saved, I'm breathing now in relief and happy about it. Read how I did it…
It made me
feel relieved.
How I did it: I made a promise to myself that I won't be spending on anything that I don't need. I registered on mint.com and analyzed my expenses and set up limits on my spending trends. I made sure to hold on to my job (even though I wanted to move) until I pay off my debts and pay my car loan. I am now almost debt free. Read how I did it…
People doing this are also doing these things:
Entries
Scott 12 hours of sleep and I feel much better
Untitled
2 weeks ago
I’m lucky in that I’m definitely not in over my head, but I still feel stuck. I can’t afford to take a job where I get paid less. So I’m trapped in this career at least. I could still potentially move somewhere else in the US if I am willing to stay in this line of work.
4000 to go
3 weeks ago
Car loan from my parents.
4000 left. They told me today that I don’t have to pay it back. That its ok. Its their present to me. I wouldn’t have a bar of it. Are you kididng? No way. I WILL pay it back. It may take me a while, but I WILL pay it back.
thiagoricieri is getting ready to finish some things until end of the year
First Step
3 weeks ago
First thing to do is to make a financial plan. Get time, open the Excel or Number and for God’s sake make this work.
SWoo07 feeling emPOWERed! Like i could do anything.... MAYBE CHANGE THE WORLD
There's One down!!!
1 month ago
I PAID OFF MY FIRST (1ST) CREDIT CARD EVER!!!!! =D
akmepro76 is an extroverted reinventing self-improver
I'm getting there
1 month ago
I haven’t used my credit cards in over a year. They aren’t going down very quickly, but I’m getting there. I’m living within my means a little better than I was before. Some unexpected medical bills have caused complications, but rather than paying them on a credit card, I am paying them monthly to the companies, so there’s no interest. I have two more years on the house payment and four more years on my car. I’m getting there.
I have another school loan to pay, but I decided to tak classes as I can pay for them instead of continuing the loan. The key is wiser choices, no credit cards, and living within my means. It will take time… but I’m getting there!
LittleButton Loves her husband
Yay!
1 month ago
I just paid off one of my cards. :) Admittedly, my parents lent me some of the money, to pay back to them over the next year, but at least they aren’t charging me 18.99% interest. Damn card just arbitrarily doubled my rate earlier this year. I’m glad I’m not paying them anymore.
SWoo07 feeling emPOWERed! Like i could do anything.... MAYBE CHANGE THE WORLD
Still in Effect...
1 month ago
My hopes, are by the end of 09 I will be more than 1/2 way complete in my journey to be Debt Free and Financially Stable!
=)
Scott 12 hours of sleep and I feel much better
Backwards
2 months ago
I took a big step backwards with this. I had bought a motorcycle back in June that ended up having a bunch of problems. Long story short, I ended up trading it for a brand new motorcycle (my dream bike) so that it would be under warranty for a long time and I wouldn’t have to worry about it. My finances are stretched thinner with the amount of money that I want to still save every month, but it is definitely manageable.
I’m teaching myself not to buy every little thing that I want the hard way. Nothing like being young and stupid and spending more money than you should.
I do wish I could go talk to myself 2 years ago when my only debt was my student loan and convince myself to pay that off and then save up for a car after that. Hindsight is 20/20, so the best I can do is pay off my car and bike loans as quickly as possible and move on from there.
Here’s to learning to be frugal!
katrinabeee busyyyyy
so, right now i’m in hundreds of pounds of debt. the reason? i bought a laptop, and have to pay it all off.
it’s funny actually, because i’m using that laptop right now.
the same laptop that GOT me into debt, i am using to COMPLAIN about BEING in debt.
meh, i’ll pay it off one day. when i get a job, maybe – which just happens to be another one of my goals.
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naijacandy asks,
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