11,037 people want to do this. 4 people made it a 2010 resolution.

get out of debt


 

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How to get out of debt



More "How I Did It" stories

It took me
6 years
It made me
happy and relieved


David1979 is adding to his 43 things to do list...

It took me
3 years
It made me
Save more!!


It took me
1 year
It made me


It took me
1 year
It made me
Grateful


It took me
8 years
It made me
Relaxed


See all 54 "How I did it" stories

People doing this:

  • Virginia Beach
    40 entries
  • British Columbia
    39 entries
  • Sunshine Coast
    37 entries
  • Vancouver
    36 entries
  • New Hampshire
    36 entries
  • West Virginia
    33 entries

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    People doing this are also doing these things:

    Entries

    Untitled 18 hours ago

    I cleared one credit card last month. I’m on track (in a month) to get my revolving expenses card down to where I can pay it off in full every month. By January, I’ll have another card cleared, leaving one card though it also has the most sizable balance. It’s where my TKD tuition and car insurance went. Ho hum.
    I’ve been setting aside money into savings and for car expenses like insurance, and I’m due to start paying back my parents in January. Everything is in pretty good order aside from the new machine I’m trying to build very shortly that will set me back $1500. But really, that whole thing is pretty in the air.



    Untitled 20 hours ago
    Citi
    Credit One
    Sallie Mae

    Chase
    PayPal
    Maurices
    Victoria’s Secret
    Petland

    I have three down and am only a couple months away from the fourth one… It’s taking some time but I’m making progress!



    Chug-chug 2 days ago

    I just passed up another milestone, after several setbacks. IRS audit, cha ching. Brother out of work, cha-ching again. Mom needed money for doctor bills, cha-ching again. BUT, dh got a third job. I became this super-frugal freak for groceries with very careful menu planning and shopping and got our monthly bill down to, like, half of what it was. So, despite all the setbacks, we managed to get to another magic number. HALF of our monthly take home. We are really getting into this. Only problem, it isn’t in time to have anything but another super-frugal Xmas.



    Untitled 3 days ago

    I’m in credit counseling and not using credit cards to get by day by day. I’ve been in credit counseling since early 2007. I’ve cut my credit card debt in half!



    Over My Head 4 days ago

    I’m about $15,000 in credit card debt. I only make minimal payments. I know that doesn’t get me anywhere. I’m currently not working so all I can do is make minimum payments for now. I feel so guilty for not clearing this debt up. It’s been almost 5 years since I’ve racked the cards up. I have to come up with a plan to deal with this debt. Realistically it will take me 3 to 5 years to clear it up. I know most people are more in debt then this but it is eating away at me that I can’t even save for a house in my future because this figure is hanging over my head.



    shellkell wasting time

    Untitled 5 days ago

    Discover 1
    Discover 2
    B of A 1
    B of A 2
    Citibank
    Car 1
    Car 2
    Student Loan 1
    Student Loan 2
    Student Loan 3
    Mortgage 1
    Mortgage 2



    shellkell wasting time

    Keep going 5 days ago

    Paid off Lowe’s and Target! Working on the big guys now. Except for the fact that I’m using my student loans overages to pay my bills, I feel like since it’s a lower interest rate, I’ll be good. I know that borrowing more does not equal paying down. But, it feels like we’re making progress.



    I Paid off my Credit Cards!!! 5 days ago

    Wow, it feels so good to be rid of those bills… All the money I’ve made the past couple months have gone straight to car repairs and credit cards, and it’s done. I have taken the credit cards out of my wallet, so I wont ever be tempted…

    The bummer is that as soon I got out of debt, my appendix gave out on me, and now I have 13,000 in medical bills… I don’t know what to do about that… but, I dunno… it’s a different kind of debt…



    Debt 6 days ago

    Here’s an update of the debt status.

    1. Credit card – NO DEBT! YEAH!
    2. Car Loan – Paid off in August
    3. Student Loan(s) – Still collecting them. :( I’m not going to count this in my “get out of debt” program.



    MooShuTofu is making friends with money

    My money 6 days ago

    I am not good with money still. So I am handing my finances over to my husband. He is very good with money.

    We’re going to work out a finance plan. I need to know when I’ll be out of debt and how much I can spend each month.



    See all 4583 entries

    Ask for advice: Get help from people who've accomplished this goal


    Chicago
    NotCasey asks, “Which should I pay off first: my student loan of 925.00 (no interest on it for a year) or my interest free overdraft of 1600.00 - in July 2010 it will drop to 1000.00 and then the year after that, I'm not sure.”
    — 2 months ago


    9 answers

    Los Angeles
    camachoborracho asks, “I've got a 2nd job which doesn't pay much but it's something and I do whatever I can for an extra buck here and there but it seems like a lot of effort for little payoff. Is there a more efficient way like investing in real estate or stocks?”
    — 3 months ago


    16 answers

    South Africa
    Rocio617 asks, “Can you really do this? I am 23 and still need to go to graduate school and hope to buy a house one day. I can not imagine doing these things without taking on considerable debt.”
    — 16 months ago


    18 answers

    New Brunswick
    Ami in Wünderland asks, “does closing a credit card account effect your credit score? would it be better to close the account before or after i pay the debt, or should i close it at all; i've heard that having 'active' accounts is good for your credit rating.”
    — 18 months ago


    21 answers

    San Francisco
    peachesps asks, “thinking of quiting my job, what to do about my debt in between finding work?”
    — 23 months ago


    15 answers

    Kansas City
    A Well-Read Dog Head asks, “Expecting twins - better to save or pay off debt?”
    — 2 years ago


    22 answers

    New York City
    Maliceinwonderland asks, “anyone familiar with debt consolidation? any good recommendations?”
    — 2 years ago


    8 answers

    loansdebtcreditguy asks, “How does one be consistent with this?”
    — 3 years ago


    9 answers

    rogerm2 asks, “any good web sites on this that you can recommend?”
    — 3 years ago


    14 answers

    isis1lotus asks, “Getting your family on the band wagon”
    — 3 years ago


    3 answers
    See all 14 questions

     

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