How is Debt Reduction like the Grand Canyon?

June 12, 2007 in Cutting Expenses, Paying Down Debt

Well — it can fell insurmountable, that’s for sure. But a recent post at No Credit Needed provides an alternative view of how the little things in debt reduction add up.
Debt reduction requires the same patient, day after day, commitment. Drip by drip, drop by drop, payment by payment, we work ourselves out of debt, [...]

Total Debt Amount Updated

April 1, 2007 in Paying Down Debt

Sigh.
Something I forgot about when adding up my credit card debt – I spent the first week of March on vacation visiting family and friends in California and used one of my credit cards for some purchases while I was out there. I had not budgeted well for the trip and did not have enough [...]

And The Verdict Is…March 2007 Debt and Savings Totals

March 14, 2007 in Credit Cards, Paying Down Debt, Savings

Wow.
Calculations are in.
I’m just going to post the numbers and hit the sack. It is what it is.
Credit card debt: $18,375* (this number is current for March 1, before payments I’m making this month)
Savings: $46 (this number is current as of today)
I’ll post a bit tomorrow about how I got into this much (pretty typical, [...]

To Close or Not to Close — That is the Question!

March 14, 2007 in Credit Cards, Paying Down Debt

As I compile a list of my credit cards and accounts, I am happy to note that one card from Household Bank has a balance of zero. Conventional wisdom tells us to cut up the card, don’t take replacements, but keep the account open to keep your credit score high. However, I’ve decided to take the [...]

One Blog That Helped Get Me Motivated To Pay Off My Own Debt … and Write About It

March 14, 2007 in Motivation, Paying Down Debt

Over the last few months, I’ve spent a portion of each day reading blogs about personal — with an emphasis on the personal aspect. Blogs about being frugal and becoming a smarter consumer, blogs about how to save money, and most recently blogs about paying down personal debt.
Tricia, in Blogging Away Debt, is the first [...]