December 30, 2006 2:08am CST
Its crazy how there are now so many people in debt, including myself. I do have plans in the works of fixing that but debt can be a real thorn in the butt. Sometimes it feels as if your drowning. I am just curious to know how many people on here are in debt. Doesnt it feel like there no way out sometimes? There is a saying.....or I think a myth..whatever...If you step on poop money will come your way...lol soooo here I am steping on poop whever I can hoping it works lol. I think it works best if you dont realize that you already steped on it. So yes is there anyone is this stressful situation ? please share maybe we can come up with sulotions together.
9 Mar 07
I am trying to do this in small ways: a.) cutting back on food budget b.) trying to live frugally - if I can find a way to not buy something, then I won't buy it. c.) Paying all of my bills a few days early or aas soon as they come - this way, the interest is slightly less (it's compounded daily on credit cards) d.) making more money - by doing small things like posting on mylot. I'm also trying to do things like organize my apartment. I am finding things to sell and things that I didn't remember I had, so it's kind of fun. At any rate, a fully organized apartment will make me feel better.
7 Feb 07
One thing I learned from my husband is to never leave a bill unpaid or worse piles up on debt. I learned how to handle money wisely, spent money within my budget and save money for things that I like to buy in the future. What I can advise is that, for instance, if you have unpaid credit card, you can talk with the bank and inform them that you will pay a minimal fee every month till you pay everything. of course, you have to cut off your credit card for the meantime.
30 Dec 06
i know a lot of people who are drowned in debts. most of them are people who are so into loans. they apply in all kinds of loan assistance because they feel they need money. the thing is, people should try and fit on how much they earn. getting too much loan assistance will just drown people so much into debts because of interests. i am not a debt and a loan lover. i always fit my needs to how much my salary is.
• United States
21 Jan 07
Well I'm still working on getting out of debt but I've found that working down one loan or credit card at a time is the best. Pay the minimum payment on the rest but put all you can into one loan till its payed off then do it again to another. It gets easier and easier as you go on. Never do any type of debt consolidation type loans cause they just give you a bogus deal with horrible interest and have hidden terms and charges.
• United States
20 Feb 07
Debt is really a huge problem for so many people. Something I recently learned, though, is helping me. It says to focus on prosperity rather than on your debt problem. What you focus attention on, expands. So thinking "get out of debt" could keep you in debt forever! So I'm trying to focus on increasing my income and not spend foolishly. Cut out junk purchases. Make things last. I do have a plan to pay my debts (we're talking possibly a long plan, but still...lol) but I'm not focusing on them. Hope that helps.
25 Jan 08
I don't know many people who aren't in debt. Last year we started focusing on becoming debt free, it's not always esy but we are working at it. We hope to be debt free by summer 2009. I've never heard of the stepping on poop thing but will have to keep it in mind whenever I go outside to clean up the dog poo. LOL!!!
• United States
28 Sep 07
As prices continue to go up and interest rates rise I think we'll find more and more people realizing how far in debt they really are. The stress caused by debt is hard on us physically and mentally. We are currently working to come up with ways to earn extra cash. I've taken on a weekend part-time job and my hubby picks up side jobs whenever he can. I'm selling off things I find around the house. The food budget can't get much lower but I've called the cable company, the phone company and other similar places and gotten our monthly rates lowered on almost all of them. We switched to the credit union because we were paying fees every month at our bank. Each of those things was only a couple of dollars but together I'm getting a savings of over $50 a month. We also got rid of the expensive new truck - that cut the vehicle payment, lowered insurance payments and reduced our personal property tax bill. Every little bit helps so try to think of even small things that might be reduced.