Debt free by 2011
By astreadido
@astreadido (608)
Philippines
November 29, 2010 10:05pm CST
On top of my new year's resolution is to debt free by 2011. It really gives me a migraine to think about all the debts and obligations. Due dates give me sleeping trouble and breathing problems. Like I can't breathe because of suffocation. The main part of this is due to my credit cards. I swear once I'm cleared of my balances I will not get another credit card again. Hopefully I will be debt free by 2011. Cheers to the new year to come!
3 responses
@ramos7881 (344)
• United States
19 Dec 10
While I am by no means an expert or even good at managing my own money (yet!), I recently was able to get out from under my credit card debt, so I thought I would share with you two things. 1) Check out crownmoneymap.org. They do sell stuff on their website, but they have a great map about the financial steps you should take. You can find the steps for free by signing up on their website - it will just take a little bit of searching (Sorry, I signed up and found the steps almost a year ago and instead of trying to find them again and again, I just wrote them down. 2) My husband and I recently did get rid of much of our debt by consolidating them (and saving over $500 a month) :), but we have not changed our basic spending habits. That in itself is starting to cause us some more problems (like the ones that got us into this mess in the first place!). But we are recognizing them and trying to work on that and are making sure that we are accountable to each other about the spending choices we make.
I wish you the best on your road to debt-free living!
@dodo19 (47049)
• Beaconsfield, Quebec
30 Nov 10
This is certainly a good goal to set yourself. Debt can certainly add unnecessary stress in your life. As a student with a student loan, I can certainly understand what it is like and what it feels like. I wish I could clear my debt by 2011, but sadly I don't see that happening. However, I do wish you all the best in becoming debt free by 2011. Hope you succeed.
@calpro (930)
• India
30 Nov 10
Hi,
I am also in the same situation you are. I have something really serious issues to be cleared out. I am planning to clear all the debts by the mid of 2011. If I am not able to do it by mid at the least I want to clear off my debts by the end of 2011.
It really gives me sleepless nights. Some times I cant even enjoy with my kid. i really get annoyed. Though I don't bring my stress to home, but these are the things which really pops into my mind without my permission.
Most of the debts are not my own I have to repay for somebody else where I have committed to save them. I will indulge myself in any such situations in 2011
