What is the most debt you have eliminated in a year?
Monday, November 23rd, 2009 at
1:18 am
I need ѕοmе motivation people! I want tο commit tο reducing mу credit card debt tһіѕ year; bυt, іt seems a bit overwhelming. Please share ѕtοrіеѕ οf һοw уου reduced уουr debt. Maybe tһаt саח psych mе up tο keep sacrificing аחԁ paying οff tһеѕе debts. Thanks!
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Tagged with: credit card debt • Credit Debt • Debts • Motivation
Filed under: credit card debt
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YOU can do it.
I decided that I would not go out to eat lunch every day while at work
On the days that I needed to go out to eat if I could find a wendy’s I could get a side salad and a bowl of chili (with plenty of FREE crackers) and a cup of water for about $2.10.
I was amazed at how much I saved by just cutting out the ‘canteen’ while at work. If I needed a soda, I brought it from home…
I paid my niece (age 7) to be the ‘light police’ ! I went to the store and got a few rolls of dimes…everytime she would catch someone leaving a room without turning off a light she would get paid…she loved doing it and since it was so annoying my son got way better about doing it.
The biggest way that I saved money was taking a list to the store….(and eating before I went). If it was not on the store I could not buy it…that way I knew before hand nearly how much I was going to spend….and it forced me to actually MAKE dinner for the week….which of course doubled as lunch the next day…..
I also sold quite a bit of stuff on ebay. If I hadn’t worn in within two years….ebay was going to help me find someone who could…this was a ‘double bonus’ because it forced me to clean up…..
Lastly, I dedicated HALF of my income tax refund to managing debt!
Before I did ANYTHING else HALF went to pay down debt.
SInce I had two cards, I paid one of them off completely which allowed me to double up on the other
If you have small children – check out garage sales for great finds on clothing..often times you can get an entire summers worth of clothing for a 5 6 or 7 year old for less than $20.00 at a yard sale in one of the more exclusive neighborhoods in your town.
I went to one last year where everything I could fit into a bag was $2.00. i stuffed it full of jeans that he could pay in while playing at the daycare or outside….
Which brings me to ‘washing clothing only twice per week’
This allows me to make sure that I have a full load of clothing
Guess that is it for now but I did want to say that YOU CAN DO THIS
and a little sacrafice now will reap you loads of happiness later