When my wife and I were getting out of credit card debt, we worked hard to reduce two things – the total debt balance – what we owed to all of our creditors (total credit card debt) and the total amount of interest we were paying each month to finance our credit card debt. When we first started paying off…
Category: Debt Reduction
Getting Out Of Debt
I love this time of year. I love giving gifts, hanging out with family, and enjoying time off from work. What I don’t love about this time of year – and what many families struggle with after this time of year – is credit card debt. So, let’s put together a plan of action, so that when those bills arrive…
Hit The Brakes – Get Real About Your Debt
This article is step 2 of the Hit The Brakes – Get Real series. I encourage you to read step 1 – Get Real About Your Expenses. In this series, we’ll examine ways to stop adding to current debt balances, create a basic budget, and begin the process of moving forward with a solid debt reduction plan. Now that you…