What I did was list my various debts and amounts owed and APRs, etc.. You have 2 options, attack the highest APR ones or lowest amount owed. I had 3 credit cards, all around 9% APR, a truck that was 20K 0% APR, Car that was 12K and 8% APR The truck payment is 450 a month, the car is 212 the minimum on the credit card varied, one I only owed 1K on, 2 were 3K and one was 6ish.
I started with the lowest amount owed. I paid bare minimum on everything else and focused 100% of all my extra bill paying money to pay off one, it was pretty easy to pay off that 1K card, then I moved to the 3K card, I put all the extra money I was paying on the 1K card, plus the minimum payment OF the 1K card, plus the minimum payment on the 3K card and paid it off. Granted I was no where near 80K you owe, it was more like 45K. 2 years later and I owe 3,000 on my truck and we keep 1 credit card and keep the balance around 500. And that's it. I could easily pay off the truck but with 0% APR, why? On Sun, Mar 20, 2011 at 10:34 PM, Erika L. Rich <[email protected]> wrote: > > The Tightwad Gazette. > > NO. You don't follow every tip that is in it. > But read it cover to cover, and make sure there aren't any areas left you > might be able to cut back in. > Saved my ass several times. Still does. :) Even if it seems we lived a > charmed life ... it's because of frugal choices I make in areas no one sees. > > > Read it. It a decent read, cover to cover. > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:335384 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
