Comments on: Getting Out of Debt https://cruciallearning.com/blog/getting-out-of-debt/ VitalSmarts is now Crucial Learning Tue, 23 Feb 2021 18:07:25 +0000 hourly 1 https://wordpress.org/?v=6.5.2 By: mabel goodrich https://cruciallearning.com/blog/getting-out-of-debt/#comment-1755 Tue, 23 Feb 2021 18:07:25 +0000 http://www.crucialskills.com/?p=473#comment-1755 Thank you so much for answering that question! I really like to see applications of these skills in life situations in addition to work situations. As I read your response, I couldn’t help but see the direct correlation to my weight loss goals. I have printed this article and am taking it to my Weight Watchers meeting today. What a great way to think about changing bad habits and establishing new ones! I especially liked the idea that we are so outnumbered! It is not always our lack of willpower, sometimes we are just overwhelmed with the unhealthy influences. Thanks so much!!

]]> By: Anastasiia Lebedieva https://cruciallearning.com/blog/getting-out-of-debt/#comment-1754 Sat, 29 Aug 2020 08:53:41 +0000 http://www.crucialskills.com/?p=473#comment-1754 I don’t want to get in debt

]]> By: John https://cruciallearning.com/blog/getting-out-of-debt/#comment-1753 Tue, 19 Jul 2011 14:19:45 +0000 http://www.crucialskills.com/?p=473#comment-1753 These people need to realize they are not entitled to spend spend spend on things they want. There are tons of resources out there to help people get a handle on their finances. The biggest hurdle is wanting to change spending habits. Just BTW, a reasonable home mortgage isn’t bad debt. I’d rather take the tax deduction and save the difference for retirement and my children education. It takes discipline to be master of your finances.

]]> By: SLCCOm https://cruciallearning.com/blog/getting-out-of-debt/#comment-1752 Wed, 13 Jul 2011 20:36:32 +0000 http://www.crucialskills.com/?p=473#comment-1752 There are a lot of great websites on living frugally that are helpful. Instead of browsing catalogs, go to http://www.thesimpledollar.com, or http://www.getrichslowly.com/ They are full of ideas and advice for ways to save money, and what to do with the money you accumulate. (Not detailed investment advice, though.)

]]> By: Shana https://cruciallearning.com/blog/getting-out-of-debt/#comment-1751 Thu, 08 Jul 2010 00:50:45 +0000 http://www.crucialskills.com/?p=473#comment-1751 David Bach’s books are also excellent for helping individuals take control of their finances. They not only focus on how to decrease debt but also on how to really make your money work for you.

]]> By: Mary https://cruciallearning.com/blog/getting-out-of-debt/#comment-1750 Wed, 07 Jul 2010 18:14:34 +0000 http://www.crucialskills.com/?p=473#comment-1750 I loved your response to “Good Intentions”. I would like to add another idea that really helped our family cut down on random shopping and pay down debt:
De-cluttering / de-junking seems to produce the same shopping dopamine high, and while cleaning out the closet / garage / basement / attic we always discover lots of hidden treasures. Gathering wild food — blackberries, nuts, wild greens, mushrooms (if you know how to do so safely) or for the kids — collecting seashells, rocks, acorns, leaves and so forth, seems to satisfy that powerful shopping urge as well.

]]> By: Evelyn https://cruciallearning.com/blog/getting-out-of-debt/#comment-1749 Wed, 07 Jul 2010 13:15:28 +0000 http://www.crucialskills.com/?p=473#comment-1749 Gale Vaz Oxlade (Canadian) has a television show and various books ‘Til Debt Do Us Part’. She uses a no-nonsense, in-your-face approach to getting and staying out of debt. I truly suggest they take a reality check and check out her show (Slice Network), website (google her name) or one of her books “Debt Free Forever: Take Control Of Your Money And Your Life by Gail Vaz-oxlade ” (about $15 on amazon). There is no better way to get out of debt then to stop spending.

]]> By: Steve W https://cruciallearning.com/blog/getting-out-of-debt/#comment-1748 Wed, 07 Jul 2010 12:50:36 +0000 http://www.crucialskills.com/?p=473#comment-1748 I recommend Dave Ramsey to any of you having trouble getting out of debt. People quibble about a couple of his recommendations on how to pay off debt, but when it comes to controlling spending, he is tops. Get some savings for emergencies, cut up ALL credit cards and start reducing debt. If you do nothing else, do that. We have used the envelope system very successfully to control spending on household items and clothing. We never racked up this kind of debt, but once we paid off our car loan in 2003, we have never been in debt again. You can do it.

]]> By: Jean https://cruciallearning.com/blog/getting-out-of-debt/#comment-1747 Wed, 03 Feb 2010 17:01:57 +0000 http://www.crucialskills.com/?p=473#comment-1747 There is one very important component that should have been mentioned. The debtors should talk to their lenders and ask to bring down the accrued interest rate debt. This would help considerably.

Jean
author of HELP! My Company’s Going Out of Business, What Do I Do Now?

]]> By: Jean https://cruciallearning.com/blog/getting-out-of-debt/#comment-1746 Wed, 03 Feb 2010 17:01:19 +0000 http://www.crucialskills.com/?p=473#comment-1746 There is one very important component that should have been mentioned. The debtors should talk to their lenders and ask to bring down the accrued interest rate debt. This would help considerably.

Jean

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