Suzi_1 'What the 'Eye' Sees the mind can aquire'
Ok this is it...
4 days ago
Home n flat sorted…
Now to increase my income to become totlly debt free including freeing my home and paying mum back too.
People who have done this
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How to be debt free
It made me
Relieved and hopeful
 "It took a few years and going through several starts and stops, but we got there!"
How I did it: We followed the principles of The Total Money Makeover by Dave Ramsey. The main thing we did to get us to this point is adopting the mantra - 'no new debt'. Even when we fell off the plan we didn't go into more debt. We 'cheated' several times in buying something or totally busting the budget, but we never put anything on credit. Lessons & tips: A paid off car feels wonderful! Resources: www.daveramsey.com
14 people found this helpful
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More "How I Did It" stories
It made me
HAPPY!
How I did it: I got a loan. my payments are smaller. i no longer owe any money to credit cards! I used Lendingclub.com. it is funded by private investors. in order to retain a loan, you have to write a note pleading your case. every loan is fixed and has a three year payment plan. Read how I did it…
maureenmcell is practicing gratitude.
It made me
Relieved and hopeful
How I did it: First of all, I got into debt because I unwisely loaned money to someone I trusted. It turned out that I was scammed.I was able to borrow money against my house to pay off a high interest loan, but credit card debts kept mounting. I finally confessed what was going on to my financial planner, who was objective and worked with me to pay off all of the debt with money I had invested earlier. Read how I did it…
It made me
Feel Great!
How I did it: One of the first things I did was read books on the subject. Success Is Not an Accident by Tommy Newberry really hit home with me although it doesn't focus on debts but deals with goal setting in every area of your life.I figured out where I was financially speaking and it wasn't good. My net worth was about neg. $16,000 and no 401k or IRA.I wrote down my monthly expenses and debt payments. I also tracked what I was spending money o… Read how I did it…
katieSciba gets it done.
It made me
Relieved
How I did it: It is so important to be debt free and while you're chasing it, you make sacrifices. We stopped going out for coffee and started making our own at home, we tried not to overspend on our budget and became conservative with money. Read how I did it…
It made me
HAPPY
How I did it: we cut our income in half his pay towards bills, etc.... my pay toward debt. pretty simple actually just hard to follow because we are so used to our extras but hey 6 months later we can have our extras and now we have peace of mind. Read how I did it…
→ See all 11 "How I did it" stories
People doing this are also doing these things:
Entries
Donderjaeger Is going to research "family systems theory"...someday!! LOL
Untitled
6 days ago
Well, I have been getting more contracts, but the debt load is pretty much the same. I got some money from insurance a while ago, which went toward debt, but now that’s had to go toward a new capital purchase.
The good news is that I’m more or less holding my own. so at least the debt is not increasing.
I was in the bank recently, dealing with some other stuff, and mentioned how much I paying to service my debt on the way out. So I will look into that when I can, probably a week or two. Lowering my interest payments would allow me to whittle the debt down, even if only little by little. (Done it before.)
allebaby is enjoying the weather
Downsizing
2 weeks ago
I am on the road to being debt free, by downsizing quantity with quality. I went through my clothes and really evaluated my purchases, some still had the tags attached.I saw what outfits I can create, what accessories I use, etc. in the end I gave 1/2 my clothes to needy people. I still purchase clothes, but more on the I need underwear type of vibe it has to be necessary.
Also I only use one card for everyday use that has a fixed limit,my other cards are cut up. This way create credit more and debt less. Also I moved in with my mom, I am single and wasting money on an apartment that I really don’t get to enjoy. The money I spent in rent can go to paying off my indiscretions.
I have been doing this for 2 months now and it seems to be working.
kimerlynn61 <3
At least for now... :)
4 weeks ago
I am 100% debt-free!
I graduated from college with $4000 in credit card debt and $4338 in student loans, but now everything is paid off and I can start saving for my trip around the world. :)
brickhorse has all the swirling plates in the air!
Student loans
4 weeks ago
When the debt consolidation is paid off in 4 months, the student loan payments will begin. No rest for the wicked!
Untitled
4 weeks ago
A wise man once told me “The secret to becoming wealthy isn’t how much you make, but rather, how much you save.”
SummitPete working on Life List item #1.
Untitled
4 weeks ago
I am following the path laid out by www.daveamsey.com and should be debt free in 3 years.
3 Oct 09
1 month ago
Last week we paid:
Mel – $50
Mtf – $35.92
Winz – $20
Finical holdings – $10
OD rent – $25
Power – $31
Although we didnt pay everything we planned, its a good start. $171.92 in a week is pretty good :)
New totals for those bills are:
Mel – $6
Mtf – $1295.51
Winz – $1955
Finicial holdings – $4351.45
OD rent – $260
Power – $331.54
We are looking at the $21 challenge so that will save us a little bit more that we can pay off something :)
→ See all 727 entries
Ask for advice: Get help from people who've accomplished this goal
 Georgia
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sortilegio asks,
“recently found out about an old $700 bill from a coll. agency. I have till 9/15th b4 it goes on my cred. report. I may or may not have $$ for it. Is it worth it to settle it & risk being broke, or is it OK to just take the credit hit?”
— 2 months ago |
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