YorkieTalk.com Forums - Yorkshire Terrier Community - View Single Post - Seriously, what are the best ways to get out of debt??

yorkiegirl83 · 10-04-2007, 07:53 AM

I don't have any credit cards and neither does DH. He ran them up years ago and paid most off and I was irresponsible with my one card and then paid it off and haven't gotten another.

I don't know how to get out of debt really, but I know that for us we just need to save so badly and I'm horrible at it.

I think the key is to just stop spending on anything other than neccessities, as much as it isn't fun. Because most of the time, when you borrow to pay the CC's down, if you don't cut them up and cancel them, there's such a high chance they will get run right back up again.

I watch this show Till Debt Do Us Part, and the woman on it suggests paying what you can extra to your debt, but also saving X amount for emergencies even if it means it will take you longer to pay off your debt. That way if something comes up you can use your savings, instead of going back into debt on the card.

10-04-2007, 07:53 AM	#51
yorkiegirl83 Love My Furbabies! Donating Member Join Date: Jan 2007 Location: somewhere Posts: 4,427	I don't have any credit cards and neither does DH. He ran them up years ago and paid most off and I was irresponsible with my one card and then paid it off and haven't gotten another. I don't know how to get out of debt really, but I know that for us we just need to save so badly and I'm horrible at it. I think the key is to just stop spending on anything other than neccessities, as much as it isn't fun. Because most of the time, when you borrow to pay the CC's down, if you don't cut them up and cancel them, there's such a high chance they will get run right back up again. I watch this show Till Debt Do Us Part, and the woman on it suggests paying what you can extra to your debt, but also saving X amount for emergencies even if it means it will take you longer to pay off your debt. That way if something comes up you can use your savings, instead of going back into debt on the card.