Huge Debt Payoffs - Examples of How Others Triumphed!

[Dimitry]

Huge debts, paid off fast - MSN Money

After reading this I realized that I am able to trim down a lot more myself even after I thought I trimmed a lot already. Just thought others might find this interesting and motivational.

I'm already past the debt stage. 5 months ago I was sitting in 9k CAD in debt. With some budgeting that I've done and money from stocks that I kept from my previous retail job, I was able to pay it all off and save enough money to take a week off in December and buy all the presents.

Now I'm planning to start saving so I'll have to research the best approaches for that.

Anyways, enjoy the article.

[flabastida]

Very good article...they mentioned a book in there about the Total Money Makeover which I bought, started to follow, then neglected to follow it after my wife and I received a $30,000 windfall insurance payout. This got us into bad habits again. This only works if you can focus on it and stick with it!

Fernando

[Love]

I agree, thanks for the article. It's a great motivator. You always need a push every now and then.

[maken]

Originally Posted by flabastida

Very good article...they mentioned a book in there about the Total Money Makeover which I bought, started to follow, then neglected to follow it after my wife and I received a $30,000 windfall insurance payout. This got us into bad habits again. This only works if you can focus on it and stick with it!

Fernando

I agree, you may read books, take out consolidation loans, credit counselling or whatever, but its always down to your spending habbits; if you can't change them, you'll get back into debt sooner or later..