Comments on: Get Out of Debt in 9 Steps # 1- Stop Borrowing Money

By: You Just Realized You’re Spending More Than You Earn: 4 Things To Do Today | Finance and Fat

Mon, 27 Jul 2009 13:13:08 +0000

[...] Stop using credit cards – Those little plastic jerks are ruining your life and you know it. Chop ‘em up! They aren’t cool, you don’t NEED them, and what good have they done for you so far? Life is possible without credit cards. I haven’t had one for more than a year now and I never miss them. [...]

By: Debt, Women, and Family - The Carnivals | I've Paid For This Twice Already...

Wed, 16 Apr 2008 14:49:49 +0000

[...] and Fat: Get Out of Debt in 9 Steps # 1- Stop Borrowing Money. Frank’s been thinking about a plan to get out of debt for everyone and he’s really hit [...]

By: get out of debt

get out of debt — Mon, 24 Mar 2008 06:45:03 +0000

The advice, ‘Stop borrowing money’ is the first clear to step to get rid of debts. However, not all man have sufficient money especially during times of emergencies. So, the lesson here is, it’s not bad to borrow money UNLESS it’s really important.

By: Debt Free Christian

Debt Free Christian — Sun, 17 Feb 2008 23:19:17 +0000

great article! instead of cutting up credit cards another idea is to put them in a ziploc baggy of water and freeze them. The next time you want to make a purchase you will really have to think about whether the purchase is worth it while you wait for the card to thaw out.

By: Eden

Eden — Thu, 10 Jan 2008 02:41:50 +0000

@Brian – Cutting the interest rates and simplifying your life by making only one payment certainly wouldn’t hurt. As long as you don’t do that and then rack up the credit cards again!

We thought rolling our credit cards into our mortgage would solve our problems about two years ago…of course now we are paying off $24K of new credit card debt.

Make sure you treat the real problem first, then worry about the symptoms.

By: Brian

Brian — Tue, 08 Jan 2008 11:03:59 +0000

This is great. What do you think about consolidating cards with a fixed term loan from a bank or credit union? I am looking at a similar interest rate as I am getting on my cards, but paying approximately the same amount per month would get that debt paid off in about five (long) years, as opposed to well over a decade if paid on the cards. Closing those card accounts would also help keep it under control.

By: (Blog) Carnivals and Festivals, Oh My » Finance and Fat

(Blog) Carnivals and Festivals, Oh My » Finance and Fat — Thu, 29 Nov 2007 02:50:43 +0000

[...] beingfrugal.net . I am honored to have been chosen as an Editor’s Pick in this Carnival, with post #1 in my Get Out of Debt in 9 Steps Series. Be sure to check out fellow Editor’s Pick 10 Small Ways to Make a Big Dent in DebtÂ from [...]

By: Get Out of Debt in 9 Steps # 7 - Visual Reminders to Track Your Debt » Finance and Fat

Tue, 27 Nov 2007 16:19:28 +0000

[...] # 1 Stop Borrowing Money [...]

By: Get Out of Debt in 9 Steps # 9 - Be Patient and Don’t Give Up » Finance and Fat

Tue, 27 Nov 2007 11:07:15 +0000

[...] # 1 Stop Borrowing Money [...]

By: Carnival of Debt Reduction » Being Frugal has posted Carnival 115

Carnival of Debt Reduction » Being Frugal has posted Carnival 115 — Tue, 27 Nov 2007 04:44:20 +0000

[...] Finance and Fat with Get Out of Debt in 9 Steps #1 – Stop Borrowing Money [...]