tag:blogger.com,1999:blog-37697766.post4942635479002992101..comments2023-10-01T07:59:30.295-07:00Comments on Grad Money Matters: 10 steps I used to get out of DebtUnknownnoreply@blogger.comBlogger9125tag:blogger.com,1999:blog-37697766.post-64958595972634694842010-01-18T10:48:33.784-08:002010-01-18T10:48:33.784-08:00My wife and I found ourselves in more debt than we...My wife and I found ourselves in more debt than we wanted, with next to no savings and a new baby!<br /><br />We took many of the steps you mention here, along with some others (like 0% credit card transfers..) and in a few short years we were able to turn things around to a surplus of savings, no debt and a much better peace of mind!<br /><br />But the most important factor in our success was admitting we had a problem, and working together to get ourselves out of the problem.Joehttp://simpledebtfreefinance.com/my-financial-tipping-point/noreply@blogger.comtag:blogger.com,1999:blog-37697766.post-82737869137866649102009-06-05T07:24:25.964-07:002009-06-05T07:24:25.964-07:00I agree with Eric about the challenge that debit c...I agree with Eric about the challenge that debit cards can lead to... it's not the same as using cash, and it offers less insurance that you can track your spending on the fly. The cash envelope program can make a lot of difference, in my experience.<br />Jerry<br />www.leads4insurance.comAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-37697766.post-61953660411783673392009-06-01T22:26:53.725-07:002009-06-01T22:26:53.725-07:00Very good post. I dont ahve a debt problem but i ...Very good post. I dont ahve a debt problem but i enjoyed reading tihs to make sure i was following your steps. For me, on credit card debt, i tend to pay the entire thing off each month mostly to PO the cc company that they literally earn no financial charges from me..LOL..going on 5 years straight now and not a penny in interest!QUESTRADE COUPONS - All Coupons, discounts, promo codes, offers, and reviewshttp://www.stockcoupons.com/noreply@blogger.comtag:blogger.com,1999:blog-37697766.post-58450849453558037882009-04-17T09:19:00.000-07:002009-04-17T09:19:00.000-07:00Hi -- These are some great ideas! I have a lot o...Hi -- These are some great ideas! I have a lot of debt -- I mean a lot (1.3 million in mortgages on houses that were never even finished or rented)! With that much (thanks to aggressive marketing by mortgage firms prior to the crash) I have no choice but to declare bankruptcy. Fortunately, it is not the shameful stigma of the past, but an acceptable way to start fresh after losing just about everything. I will take the appropriate steps to rebuild my credit and my life and am proud to have survived by shopping smart and making good choices. Thanks for your good ideas! Robin@ILoveAGoodBargain.comRobin Kerr Drulardhttp://www.iloveagoodbargain.comnoreply@blogger.comtag:blogger.com,1999:blog-37697766.post-4850035086103380562009-04-05T21:48:00.000-07:002009-04-05T21:48:00.000-07:00Good tips. I would say minimizing credit card usa...Good tips. I would say minimizing credit card usage is somewhat of a double edge sword since not having a credit history could be bad when trying to get a loan and more importantly, you can use credit cards to get cash-back and other perks (extended warranties, etc.). So, once you've got your spending under control, using credit cards isn't such a bad thing. Just use with caution.El Cheapohttp://mymeans.netnoreply@blogger.comtag:blogger.com,1999:blog-37697766.post-14723761478861998212009-04-05T19:23:00.000-07:002009-04-05T19:23:00.000-07:00A really smart and well thought out approach. Cong...A really smart and well thought out approach. Congratulations on your efforts to get out of debt.Get Out of Debt Guyhttp://getoutofdebt.orgnoreply@blogger.comtag:blogger.com,1999:blog-37697766.post-11466606071700553672009-03-28T12:12:00.000-07:002009-03-28T12:12:00.000-07:00Also be brutally honest with yourself and don't hi...Also be brutally honest with yourself and don't hide your mounting problems. Of course it sucks when you tell yourself you have no money to spend and need to stay indoors (instead of comforting yourself with retail therapy). But being honest about what you can afford is the only way to stay within your means.Silver Rosehttp://hubpages.com/hub/debt_advicenoreply@blogger.comtag:blogger.com,1999:blog-37697766.post-26111519317125802462009-03-23T08:40:00.000-07:002009-03-23T08:40:00.000-07:00Thanks for sharing this very useful tips. I defini...Thanks for sharing this very useful tips. I definitely agree with you about your insights on credit cards. This will be definitely helpful.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-37697766.post-67035767404309414182009-03-21T22:10:00.000-07:002009-03-21T22:10:00.000-07:00"Use cash and minimize credit card usage"This was ..."Use cash and minimize credit card usage"<BR/><BR/>This was by far the largest problem my wife and I were having. We had no issue with credit card usages but the debit card was killing us. The debit card is just as easy to swipe as the credit card, it is also just as easy to lose track of the spending. We have been running on the cash based envelope system for a little while now and It's working near perfect (I'd say 98%). It just requires lots of adjustments and patience.Anonymousnoreply@blogger.com