becoming debt free
By amandar658
@amandar658 (547)
3 responses
@martahandey (165)
• United States
14 Aug 08
If you have the funds... then pay double on the bills that have the highest interest rates. These are usually high end credit cards. You really, really want to get rid of that debt immediately because the interest builds up so fast. But just make sure you make your payments on time, and your credit rating will go up!
@Theresam (1177)
• United States
16 Aug 08
Yes Live within your means and don't charge any more. Pay cash :) If you need to get a second job to do it, do that then. When we were paying off our 20k worth of debt, we did the snowball method. We put as much as possible toward the highest %, and then the minimum for the rest. Once we paid off the highest percentage credit card, we snowballed the payment to the next highest.
@danishcanadian (28955)
• Canada
15 Aug 08
My advice is to live a more frugal lifestyle so that you will e ale to pay more of, and not sacrifice anything yourself. Don't do anyting you can't aord, ever again. If you wat something, save for it. Nothing is worth getting deeper in debt or. Learn how to live on as little money as humanly possible until you have control of your finanes again.