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Debt Reduction AdviceAsk a Question Follow

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Budget for Paying Off DebtFor all income that comes in, no matter how small, pay off the debt with 50%, and live off the rest. This works wonderfully and is wise. Our debt is going down, and one day, God willing, it will be paid off.

 

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50 - 30 - 20 Spending PlanI recently read in a magazine a plan to get your finances back in line and to save money at the same time. It is called the 50, 30, 20 plan.

 

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Debtors Anonymous For Financial HelpI just found a great financial resource. We all have issues around money, and a place to take those issues is Debtors Anonymous (or DA for short).

 

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Keep Getting The Paper StatementsKeep Getting The Paper Statements. Online bill pay is a good idea. But it is also a good idea to keep getting the paper statements too. You can do one of two things with them. Watch the balances disappear as you pay them on time.

 

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Inspiring Yourself To Pay Off DebtIdeas and tips to help you stay motivated and inspired to pay off debt. Post your ideas.

 

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Tips for Staying out of DebtMy way of not going too far into debt has always been the same: I don't spend more money than I have. I do use credit cards but never charge more than I have in my savings account...

 

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