Comments on: Five Tips for Reducing Your Debt

By: Cheaplee

Cheaplee — Tue, 14 Oct 2008 23:50:15 +0000

O and #6 don’t add to it.

By: Rich

Rich — Sat, 11 Oct 2008 19:51:55 +0000

Good advice. I’d also recommend listening to Dave Ramsey’s show. Even if you don’t listen to every bit of his advice you’ll at least get the right mind set and it will help to keep you focused. Hearing about how much trouble people get themselves into really puts perspective on your own spending.

By: Andy @ Retire at 40

Andy @ Retire at 40 — Tue, 07 Oct 2008 10:00:13 +0000

As in a lot of things in life, the hardest part is actually starting off. Once I’d started tracking my spending, it actually started dropping even before I’d made any decisions on my budget.

By: Dannalie

Dannalie — Mon, 06 Oct 2008 22:42:23 +0000

So what can you do when you have missed a payment (or two)? I got laid off and I honestly couldn’t make the payments. The calls are driving us crazy!

By: Christopher Holdheide

Christopher Holdheide — Mon, 06 Oct 2008 16:51:23 +0000

Getting debt free is a very simple process but no one ever said it would be easy. The simple part would be setting up a plan but the hard part is sticking to it when the tough times hit. Those that have great success have the strong ablity to follow through with whatever they do.
He who can do that can hold the world in there hands.

By: Tyler @ Dividendmoney

Tyler @ Dividendmoney — Mon, 06 Oct 2008 15:27:29 +0000

I think that folks often discount the value of reducing debt.
Althought the math is fairly simple, many of us fail to realize that reducing debt offers a guaranteed rate of return on every dollar “invested”.

By: Christian Debt Relief

Christian Debt Relief — Mon, 06 Oct 2008 15:25:39 +0000

Man, you are do right on. This seems very simple, however it isn’t. If we all just did this for 3 months, I think we would all be amazed. Thanks for the post.