Who has paid down alot of debt?

Canada
April 28, 2009 2:02pm CST
I"m interested in knowing how many here have paid down a huge debt load with little income? Can this be down and how did you do it? I have alot of debt between me and my husband we don't make that much money but i'm able to still pay the minimum payments every month but it doesn't go down. How can I pay this and start to see a decrease in the amount I owe? So if you have succeeded in paying alot of debt with little income tell me what your plan was?
1 response
@cutepenguin (6430)
• Canada
23 May 09
We've paid down about 13,000 in the last year. The year before we paid down 4,000. The 4 thousand was more impressive because we did it when my husband wasn't working. A lot of what we did was cut back in different areas. We're not disciplined, so we kind of chose a different area each month to cut back on. One month we were really careful about food, another we tried biking/walking/taking the bus everywhere, that sort of thing. I found small ways to make extra money, got coupons from websites, used gift cards from reward points, etc. I tried to make weekly small payments. I found reading a lot of personal finance blogs really helpful. I got ideas and it helped me stay focused.
1 person likes this
• Canada
27 May 09
Thats great thanks for the response. I need something to help me stay focused I will start reading blogs. thanks