So how's your trip out of debt going?

Canada
January 29, 2010 1:54am CST
We have a new plan, which is a bit more aggressive but it should work. Actually, it's been getting easier because as we've been paying off the debt, the interest charged has been getting lower, so it feels like more of our payment is going to pay down the actual debt rather than to pay the interest charges. I am going to try to find lots of ways to earn a little bit extra over the next few weeks to throw a large amount at the debt next month.
1 person likes this
10 responses
@Hatley (164654)
• Garden Grove, California
1 Mar 10
hi cutepenguin well my social security and ssi check pay my room and board here and leave me with one hundred twenty five dollars for personal needs so I mylot to pay my internet bill and some of my senior life line phone bill, only 13 dollars a month. so I am not wealthy but I do not owe any thing either. but anything I can do on line could only help em , I am a good writer so thats an avenue to pursue.
1 person likes this
• Canada
1 Mar 10
It sounds like you have your finances all set in a budget, that's good. I mylot to add to my debt repayments. I also use reviewstream.
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@hvedra (1623)
25 Feb 10
We are getting there and can see the light at the end of the tunnel (I just hope it ain't a train!). We are now down to one nasty debt on the credit card but we should be able to pay that off in a year. If we tighten our belts a bit then maybe 6-8 months. We finished a loan at the end of last year and that was a relief so the money is going on to paying off the card. Once we've got rid of the card we might up the payments on the mortgage. It only has seven years left to run but if we can knock a few holes in it that would be good.
• Canada
25 Feb 10
hey, sounds like you're doing great!
2 people like this
• United States
6 Feb 10
Congrats. I am still looking for ways to make money on here. I have not been able tro find work lately because of the economy. Also, with the snow it is hard for me to get around. I had broken my ankle three years ago and still have a fear that it will hapen again. I have found a couple of web sites where I can submit my writing. All I need to do is find the time to write. I am in school (online) and have been busy with my studies. I hope things work well for you. Best of luck to you.
1 person likes this
• Canada
8 Feb 10
Snow does make things so much more difficult. At least you can do a lot of different things online. I hope you are successful in your writing submissions.
2 people like this
@cher913 (25891)
• Canada
8 Jul 10
slow but steady now that my hubby finally has a job. its easy to go a little crazy now that he is working and we have money but i have tried not to do that.
• Canada
20 Jul 10
I'm glad that things are going better! It's hard not to go crazy when things get a bit easier, isn't it?
@edorms36 (267)
• United Arab Emirates
20 Mar 10
I am still searching and trying to find some ways to earn extra so to pay off my debt as well, due to this current economic situation everyone's needing money, so I hope I can sort things out and if someone knew some more ways to earn extra, Can you help me find?
• Canada
20 Mar 10
I am trying to be very frugal - I go to free events for entertainment, my friends and I share cooking, etc. To make a bit of extra money, I do swagbucks and write reviews on reviewstream.
@ronnyb (6125)
• Jamaica
1 Feb 10
Well to tell you truth my trip is coming on .I recently implemeneted or wasforced to implement a program to reduce my debt by my creditor.This would see me paying as much as sixty percent of my salary going to two credit cards and a furniture retailer I took out some stuff from and money is deducted from my pay by salary deduction .I should be breaking even by the mid of the month and then from then on I will be debt free as I wont be taking on any new loans
• Canada
2 Feb 10
eep. It's too bad that this was forced upon you, but hopefully it will be over soon. This economy is tough, huh?
2 people like this
• United States
29 Jan 10
Well, I have found ways to cut my shopping bills, but I am still looking for ways to make extra money. With the shopping, I have a friend who has been helping me out by having us split the cost of things and instead of making two separate meals we cook one meal for both of our husbands. We go out to eat every Saturday night and take turns buying dinner. It has been working out great. I am hoping to make a little bit more money on here as well as writing on a few sites. I am hoping to get money back on my taxes so I can start saving more. I only have one credit card and am hoping to pay it off soon. I am going to look and see if they can put a temporary freeze on the account so I can pay it off.I am also hoping to start saving money.
• Canada
30 Jan 10
Sounds like you have some plans on the go. Combining expenses with friends is a good way to make economizing more fun - my friends and I are trying to do this too.
@divalounger (2252)
• United States
19 Dec 10
Congrats! It sounds like you have good plans and are following through with them. I find that the calculators that are on some sites that tell you how fast you will pay off a card at the rate of xx dollars per month are helpful. I also found it very gratifying to compare the balances that I had in June on my cards to those I have now. I recorded them in a notebook and underlined and starred every one that had gone down. I noted how much each had gone down--I loved how it felt to do that.
@faisai (1140)
• Hong Kong
14 Jul 10
Hope you can settle your debt very soon. For me, it is always how much to spend. Maybe because my childhood is rather poor and thus, not spending on anything is really not a big problem for me. I bring lunch boxes to work and never miss a dinner at home. I find the cheapest and yet not very time consuming way to work to save the extra bit. I also not buy anything at all.
• United States
29 Jan 10
Congrats on that getting the interest rates lower part of your plan... that seems to be a real key to winning.