Comments on: 10 Ways to Pay Your Debt Off Faster

By: MoneyEnergy

MoneyEnergy — Tue, 21 Apr 2009 05:15:53 +0000

For numbers 2 and 3, these I think are the most important. Don’t waste your efforts trying to pay off your credit cards and other debt just to get back into debt again a year later. It’s like a diet this way. You need a long-term plan that will allow you to NEVER fall into debt again (i.e., beyond being able to pay your cards off in full each month), otherwise this is nearly wasted energy. So in order to lose weight, you first have to stop taking in more fat.

By: Patrick

Patrick — Fri, 26 Sep 2008 17:18:47 +0000

Agreed, Until Debt… If people aren’t on the same page, the battle is over before it starts. It can indeed be tough, but it is well worth it!

By: Until Debt do US part

Until Debt do US part — Fri, 26 Sep 2008 15:05:47 +0000

great post.

From my experience number 7 is perhaps the most crucial to success. It is vitally important that the people around you, your friends and family, are fully behind you and understand what you are trying to do.

The last thing you need is for a conflict to develop between you and your partner as you try to cut back and repay your debts.

It can be tough.

By: Back To The Basics | The Wisdom Journal

Back To The Basics | The Wisdom Journal — Fri, 26 Sep 2008 05:03:48 +0000

[...] balances first or you prefer to pay off the largest interest rate accounts first, start a plan to eliminate debt from your financial life. 4. Seek ways to diversify your income TODAY. Anytime you can make extra [...]

By: Green Panda Treehouse | | Practical Steps in This Economic Mess

Green Panda Treehouse | | Practical Steps in This Economic Mess — Thu, 25 Sep 2008 21:18:17 +0000

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Wed, 24 Sep 2008 16:43:13 +0000

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Sunday Money Madness | Rich Credit Debt Loan — Sun, 14 Sep 2008 13:20:34 +0000

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By: Weekly Roundup: IKE is supposed to rain on me edition | Twenties Money

Weekly Roundup: IKE is supposed to rain on me edition | Twenties Money — Sat, 13 Sep 2008 05:16:40 +0000

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By: Kristen

Kristen — Fri, 12 Sep 2008 16:49:36 +0000

I quit using credit cards a little over two years ago. I don’t have one right now at all. I had a lot of debt that I had accumulated when I was younger and I was stuck in that vicious cycle of pay a little off, charge a little more, get nowhere reducing my debt.

It was really hard (and a little scary) at first to not have a credit card. But I finally started making progress paying off the bills and just making better spending choices the whole way around. It’s a relief to know that how much I owe is decreasing and I’m getting ahead instead of just treading water. I’m definitely celebrating when I make the final payment and owe no credit card debt.

By: Dividend Growth Investor

Dividend Growth Investor — Thu, 11 Sep 2008 17:09:53 +0000

It might also make sense to automate your debt repayment out of your paycheck. And if you ever get a raise, live as if you haven’t in order to avoid lifestyle inflation..