i'm nearly out of debt

January 4, 2011 2:16pm CST
I've been spending sometime over the years getting out of debt. Today I finished paying off another debt company. I've now only got two more to go and only a couple of grand to pay. As we all know getting into debt is very tempting, getting what we want now and not really thinking of the paying later part. Although sometimes there maybe a reason such as the paycheck didn't come and the rent needs to be paid. Really though is having a bigger TV than next door the best way to part with your cash. Sometime ago I started to feel a lot better about myself and others when I stopped keeping up with the Jone's and now I'm better off in the pocket too.
5 people like this
17 responses
• United States
4 Jan 11
Congratulations, I know how difficult it can be to get out of debt and how easily it is to get into it. I am also guilty of charging just because something looked nice and I was tempted and then thinking about the consequences later which was paying for it. I have eliminated most of my credit cards myself I see this way, out of site out of mind. Meaning as long as I don't have the credit or the money I won't feel tempted to get anything that I know is not essential. It's simple now, if I don't have the money I don't buy anything.
7 Jan 11
thank you for your response. I think your right in getting rid of your credits cards is a good idea. I still have an overdraft facility with my bank which comes in very handy, but the temptation to spend for none emergence's is big. It seems to be the world's economy runs on public spending and so company's make easy for us to get credit to buy those nice things.
• United States
7 Jan 11
You are absolutely correct, companies need to make a profit somehow so they make offers that are attractive and include incentives so that customers could give in. But it's upto us to be strong and don't fall into the temptation, which can be difficult at most times.
7 Jan 11
This is true, bit I feel its a kind of a vicious circle. If there's no public spending, if there's no spending power then there's no goods needed hence then less company's to employ people. It's mad really in that we give someone a piece of paper for goods. Yet the paper would be better off a tree, therefore better off helping us all. I could go on for ever with it. It seems to need a recession or even a depression to reset the money machine. Otherwise it'll just keep going up and where do you stop.
@greygoo (798)
• Philippines
5 Jan 11
wow. congratulations! that's a great way to start the year.:) i do owe someone some money but it's not really big, and i didn't really 'borrow' it. i just felt like i have to pay my friend a part of the extra expenses we had when we worked together for a project. a haven't paid it yet. i'm just waiting for this year's first salary.:) what i would want to change this year is my inability to save. i hope i become as successful as you are.:)
7 Jan 11
I've just started learning how to save. I've two bank accounts and I'm the trustee of my daughters. I've started to get quite good at squirreling away money, I've even got a big tin money box that you need to use a tin opener on. I reckon it'll hold a grand.
@greygoo (798)
• Philippines
8 Jan 11
good luck on that money box.:) keep the opener away.;)
@kingparker (9698)
• United States
4 Jan 11
Wow, congratulation to you. So, you are out of debt nearly right? That is a great news. For me, I am still working on my debt, and hopefully I can stumble them down one by one. That is my greatest hope for this year. Keep on working both you and me.
• Philippines
5 Jan 11
It's really "something" to get out of debt. I wish I'll be next to you.
7 Jan 11
Thank you for your response. I found that by make agreements with all my creditors, once the smallest debt had gone, I then used that money and the next smallest and kept going like that. I hope it all goes well for you.
@Monkeyrose (2850)
• Canada
5 Jan 11
That is great that you are almost out of debt. I too have been working on that for 5 years. I owe the government some money for taxes and have a couple grand on a credit card but that is it. I finally paid off my car this past august. Its a great feeling isn't it? Do you have any tips on what made you so sucessful?
7 Jan 11
Stay away from temptation, keep records of all your dealings with your creditors, make agreements with your creditors and stick with it. Once you've paid off the smallest debt use the money from that to pay off the next smallest and so on. Keep going...you'll get there in the end and good luck.
@sender621 (14956)
• United States
4 Jan 11
It never seems hard to get into debt. that is easy enough for us to accomplish. Getting back out of debt can be like treading water. Sometimes it seems like there is no end in sight. I'm happy for you to be easing out of your struggle. continued success!
7 Jan 11
I agree with you both and especially the part you said predator about them being secure having money coming in each month. It must be a good feeling though knowing you've got money coming for little effort in some case's.
@cutepenguin (6457)
• Canada
4 Jan 11
We're almost out of debt, too. We just have a couple of months left of our plan and then we'll be done! It'll feel good. We just want to be careful not to go right back into debt. I'm not certain that we've dealt with the issues that caused us to get into debt in the first place.
7 Jan 11
Well done to you for getting out of debt, lets help you get the cause dealt with first though. Good luck for the future.
@dorannmwin (36698)
• United States
4 Jan 11
That is awesome that you've gotten another debt paid off. I paid off my first one in November and if things go the way that I've got them planned, all of my personal credit cards will be paid off in March. That will leave us with the ones that were in my husband's name and we started a debt management plan to get rid of those in 2009, they will be completely gone in 2013. In addition to that, we've learned to live on less money than we are making and I really think that we will never turn to a credit card again in our lives.
7 Jan 11
Thank you for your response. I made agreements with my creditors and have only two left. Well done on getting rid of your debts and hope it goes to plan with your husbands. I don't know how you think, but the world seems to be built up on public spending and therefore company's like to make it easy for us to get into debt.
@iwrite (5041)
• Singapore
23 May 11
yetsa great for you my friend, I wish I can declare that on my side, however my house is still a long way from being paid off. I hope to I could very soon declare that on your site too.
• United States
23 May 11
I wish my hubby would get with that program of not wanting to keep up with the Jone's and the co=workers ect ect. I know we all want to but I don't have the means to do it and we are already beyond our eyeballs in debt and can not afford to do any more.
• United States
28 Jan 11
That is great that you are almost out of debt. I am trying to get out of debt myself. My husband and I have one credit card and we are trying to pay it off. I feel that we may be able to pay it off once I find an online job where I can make a couple of hundred dollars a month so I can pay off my credit card in four months. My husband and I want to eventually sell the house so we can move to be closer to my parents.
@asliah (11148)
• Philippines
8 Jan 11
hi, just want to congrats you, that you already paid one debt company, it means you can also pay the two more debt. i could say that you have a good discipline.
@scififan43 (2440)
• United States
6 Jan 11
That is good to hear and it is great that your almost debt free. I am haveing to deal with a lot of debt myself. I am not quite as in debt as i once was and like to think I learn from some of my mistakes. I do know the posiitve feeling you can get wehne you pay off a debt. I payed off one of my cards a few years ago and then started to pay off another. I am now tryig to pay off all of it but it will take time but I knwo it is not inpossible.
• Pamplona, Spain
5 Jan 11
Hiya yetsa, That´s really great and I am so glad for you too. Keep that up now and don´t look back. What does it matter if you don´t have a Television bigger than the Neighbour´s down the Road. All that kind of thing we all feel a little twinge of starting off in life but then we settle down and not bother so much about who has better than who. Sometimes these People often have more personal disasters than ordinary People. I have found that to be true as well. Good for you though I hope you get to be free and able to buy but without a Credit Card just Money.
@lingli_78 (12844)
• Australia
5 Jan 11
congratulations for being able to finish off another debt... as you say, borrowing money is very easy, but paying it off is extremely difficult... that's why i never want to be in that kind of situation ever... i rather not having the luxuries that other people have if i can't afford them rather than going into debt... my hubby been there before and i have to help him to clear them up as well... don't want to be in that situation again ever... take care and have a nice day...
• Philippines
5 Jan 11
It's really very tempting to get into debt. I am into not so big debt nowadays and it's very hard to get away with it. I want to stop but I can't. Help!
@cher913 (25890)
• Canada
5 Jan 11
one can never keep up with the jones and has to learn how to be content with the stuff they have. we are working on getting out of debt this year and congrats to you!
@gloryacam (5543)
• Philippines
4 Jan 11
Hurray! Good way to start the year! I know what it feels like to be in debt. I've been trying for two years now to pay all my debts, and this is the only time that I feel I'm starting to take a hold of my finances. After this, I'm letting go of 2 or 3 credit cards. Bane of life! And, from now on, I'll not "keep up with the Jone's", too! Way to go!