27 people want to do this.

clear my debt


 

How to clear my debt by thirtiesride

"perserverance, patience and turning down that urge to spend"

How I did it: with each house we bought we rolled our debt in. Each year brough more large expenses, not to mention 2 cross country moves. Our spending habits didn't help. This year I VOWED to get it under control as I saw we were reaching the limit of our Line of Credit! So my husband started making lunches and bringing them to work. I work from home now so I didn't spend any money. We set up a budget for all our expenses. The biggest thing that helped us was that my husband's company had a program called match and save. he would put in 5% of his salary every paycheque and they would match the amount in the bank account. We cashed it in this year (he did this 2 years ago) and it was a BIG amount. We also got a good tax refund this year. So putting money away really helps and tracking your receipts for tax time helps too! But curbing our spending will help us not use our LOC for monthly spending and only use it for emergencies or "projects" like the deck. I put away 10% of my paycheque into another bank account for vacation money. I am hoping this sticks, but at least this time the debt is gone! now I gotta work on my mortgage. :(

Lessons & tips: put a certain amount away from your paycheque
curb your spending
make a budget and stick to it
pay off your credit cards every month
know what you are spending and on what

Resources: http://www.wnetwork.com/tv_shows/shows/maxed_out/tools.asp


 

Apr 20, 12:33PM PDT | 0 comments


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    ladyk1003

    $$$$$$$ 10 months ago

    I have so much freakign debt its not even funny! I totally have been avoiding creditors calls, not opening their letters, and puttign it off. I want to clear my name, and get my credit score up, but with thtis recession its the last thing on my mind! :(

    Feb 04, 2009, 01:54PM PST | 0 comments


    smilinglight is finally in school!!!!

    Well on my way 10 months ago

    Today, i paid off one credit card and i’m really happy about it. We are also proud of the commitment and progress that we’ve made over the past six months. I was hoping i would be able to clear everything off by next month, but looks like it’ll extend into the next month as well. We should still take care to see that we don’t go on adding to it!

    Jan 16, 2009, 07:36AM PST | 1 comment


    conflagrationuk

    Clear My Debt 17 months ago

    currently in Debt and want to be debt free by xmas 2009

    Jun 21, 2008, 05:42PM PDT | 0 comments


    AllyBally16

    STINKY DEBT!! 20 months ago

    while i was a student i managed to wrack up around £3500 of debt :( im 21 and after dropping out uni last september i need to clear all my debt in order to b able to pay for my tuition fees to go bk to uni and do a course i know i will really enjoy :D

    CREDIT CARD = £550
    CREDIT CARD = £2200
    OVERDRAFT = £600

    Apr 13, 2008, 10:00AM PDT | 0 comments


    paddyisgod

    update 2 years ago

    I have cleared half of what i owed and am really getting on this

    Sep 24, 2007, 05:31PM PDT | 0 comments


    weekend_alcoholic

    new job 2 years ago

    started my new job last monday and its actually quite fun. great people and good pay – what more could a girl want?
    plan of action this month:
    week 1 – pay back the money i borrowed from my mum and pay mazs digs…
    week 2 – pay half of phone bill
    week 3 – other half of phone bill
    week 4 onwards – start clearing overdraft…....

    Jul 19, 2007, 03:09PM PDT | 1 cheer | 1 comment


    weekend_alcoholic

    on my way 2 years ago

    just had an interview in the city centre. went quite well have to go back in 2 weeks for the next stage of the selection process (whatever that is)

    Jul 10, 2007, 07:35AM PDT | 0 comments


    weekend_alcoholic

    possibilities.... 2 years ago

    heard back from one of the jobs i applied fortoday, they conducted a telephone interview then invited me for a real one on tuesday, so excited! finally-a job with decent money!

    Jul 05, 2007, 02:52AM PDT | 1 cheer | 0 comments


    weekend_alcoholic

    money....fast. 2 years ago

    looking on s1 jobs.com for work in a call centre (or anything as equally unfulfilling yet high paid) – currently have 6 weeks to earn just under £2000 if im going to clear it before i start college. it’s all seeming a bit impossible at the momment…

    Jul 03, 2007, 05:51AM PDT | 0 comments



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