Comments on: How much do you owe all together? And how do you do to lower your debt significantly? http://www.thefinancialblurbosphere.com/how-much-do-you-owe-all-together-and-how-do-you-do-to-lower-your-debt-significantly/ For all things financial Wed, 11 Mar 2009 22:38:03 +0000 hourly 1 By: i_b_winkn_at_u http://www.thefinancialblurbosphere.com/how-much-do-you-owe-all-together-and-how-do-you-do-to-lower-your-debt-significantly/#comment-181 i_b_winkn_at_u Fri, 30 Jan 2009 04:27:17 +0000 http://www.thefinancialblurbosphere.com/how-much-do-you-owe-all-together-and-how-do-you-do-to-lower-your-debt-significantly/#comment-181 <a href=""></a> Debt free, but I've been there. Stop using credit cards. Pick one card and pay a little more towards it. Do you have the option of transferring your balance to a 0% card for x amount of months and paying off a card that way? (I've down this in the past.) Try to budget your money better. Maybe you're spending money on stuff you really don't need..use that money towards your credit card. Cut corners in your lives to bring that balance down. What did you do with the old car? Did you sell it and apply what you got to your credit cards? Try his site for tips

Debt free, but I’ve been there.

Stop using credit cards. Pick one card and pay a little more towards it. Do you have the option of transferring your balance to a 0% card for x amount of months and paying off a card that way? (I’ve down this in the past.)

Try to budget your money better. Maybe you’re spending money on stuff you really don’t need..use that money towards your credit card. Cut corners in your lives to bring that balance down.

What did you do with the old car? Did you sell it and apply what you got to your credit cards?
Try his site for tips

]]> By: my16paws http://www.thefinancialblurbosphere.com/how-much-do-you-owe-all-together-and-how-do-you-do-to-lower-your-debt-significantly/#comment-180 my16paws Wed, 28 Jan 2009 10:11:33 +0000 http://www.thefinancialblurbosphere.com/how-much-do-you-owe-all-together-and-how-do-you-do-to-lower-your-debt-significantly/#comment-180 <a href=""></a> Current Debts 56K Investment Loan 3K Credit Cards (To be paid off the 10th) Easiest way to get out of debt 1. Stop using credit cards COMPLETELY 2. Make a budget and stick to it 3. Lower your current lifestyle, until you have lowered your debts 4. Tackle debts with highest interest rates first and pay min on the others.

Current Debts
56K Investment Loan
3K Credit Cards (To be paid off the 10th)

Easiest way to get out of debt

1. Stop using credit cards COMPLETELY
2. Make a budget and stick to it
3. Lower your current lifestyle, until you have lowered your debts
4. Tackle debts with highest interest rates first and pay min on the others.

]]> By: cobraeaterss http://www.thefinancialblurbosphere.com/how-much-do-you-owe-all-together-and-how-do-you-do-to-lower-your-debt-significantly/#comment-179 cobraeaterss Mon, 26 Jan 2009 06:36:01 +0000 http://www.thefinancialblurbosphere.com/how-much-do-you-owe-all-together-and-how-do-you-do-to-lower-your-debt-significantly/#comment-179 <a href=""></a> Let's see... $160000 on my mortgage $12000 on my Tahoe $4000 on my credit cards

Let’s see…
$160000 on my mortgage
$12000 on my Tahoe
$4000 on my credit cards

]]> By: doreen k http://www.thefinancialblurbosphere.com/how-much-do-you-owe-all-together-and-how-do-you-do-to-lower-your-debt-significantly/#comment-178 doreen k Fri, 23 Jan 2009 04:18:11 +0000 http://www.thefinancialblurbosphere.com/how-much-do-you-owe-all-together-and-how-do-you-do-to-lower-your-debt-significantly/#comment-178 <a href=""></a> I am debt free except for my mortgage of $48,000. But it wasn't always that way. At one time, my husband and I were over $80,000 in debt plus a big mortgage. In order to reduce your debt, you have to change your thinking about what your "needs" vs. "wants" are. Transportation is a need, but a new car is not. Food is a need, but convenience food, fast food and other restaurant food is not. Clothing is a need, but new clothes are not. Education is a need, but be careful where you spend your money. Community college counts just as much as private university. My car recently broke down and I am walking and taking the bus until I have enough cash to fix it or buy another used car. One of the reasons I live where I do is so that I can take the bus. You have choices! Make better choices about spending and you can be debt free, too.

I am debt free except for my mortgage of $48,000. But it wasn’t always that way. At one time, my husband and I were over $80,000 in debt plus a big mortgage.

In order to reduce your debt, you have to change your thinking about what your “needs” vs. “wants” are.

Transportation is a need, but a new car is not.

Food is a need, but convenience food, fast food and other restaurant food is not.

Clothing is a need, but new clothes are not.

Education is a need, but be careful where you spend your money. Community college counts just as much as private university.

My car recently broke down and I am walking and taking the bus until I have enough cash to fix it or buy another used car. One of the reasons I live where I do is so that I can take the bus.

You have choices! Make better choices about spending and you can be debt free, too.

]]> By: Supplegirl1997 http://www.thefinancialblurbosphere.com/how-much-do-you-owe-all-together-and-how-do-you-do-to-lower-your-debt-significantly/#comment-177 Supplegirl1997 Thu, 22 Jan 2009 09:34:33 +0000 http://www.thefinancialblurbosphere.com/how-much-do-you-owe-all-together-and-how-do-you-do-to-lower-your-debt-significantly/#comment-177 <a href=""></a> 20,000. I'm really in trouble.

20,000. I’m really in trouble.

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