Comments on: The Start Digging Out Of Credit Card Debt Challenge. http://www.mytwodollars.com/2007/07/16/the-start-digging-out-of-credit-card-debt-challenge/ A place to discuss money...for the rest of us. Tue, 22 May 2012 00:24:51 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Don't Let Debt Dictate Your Life. | My Two Dollarshttp://www.mytwodollars.com/2007/07/16/the-start-digging-out-of-credit-card-debt-challenge/#comment-36251 Don't Let Debt Dictate Your Life. | My Two Dollars Thu, 01 Apr 2010 13:21:50 +0000 http://www.mytwodollars.com/2007/07/16/the-start-digging-out-of-credit-card-debt-challenge/#comment-36251 [...] Start Digging Out Of Credit Card Debt Part 1 [...] [...] Start Digging Out Of Credit Card Debt Part 1 [...]

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Even the gurus will agree with what is being said here. I am glad I found it….

]]> By: Pay Off Low-Balance Debt First | My Two Dollarshttp://www.mytwodollars.com/2007/07/16/the-start-digging-out-of-credit-card-debt-challenge/#comment-34061 Pay Off Low-Balance Debt First | My Two Dollars Wed, 02 Sep 2009 13:30:39 +0000 http://www.mytwodollars.com/2007/07/16/the-start-digging-out-of-credit-card-debt-challenge/#comment-34061 [...] first, the success gave me a big mental boost to keep going. A while back I wrote my series “The Start Digging Out Of Credit Card Debt Challenge” that should give you some help in getting out of credit card debt, so you might want to [...] [...] first, the success gave me a big mental boost to keep going. A while back I wrote my series “The Start Digging Out Of Credit Card Debt Challenge” that should give you some help in getting out of credit card debt, so you might want to [...]

]]> By: The Start Digging Out Of Credit Card Debt Challenge My Two Dollars | fix my credithttp://www.mytwodollars.com/2007/07/16/the-start-digging-out-of-credit-card-debt-challenge/#comment-33210 The Start Digging Out Of Credit Card Debt Challenge My Two Dollars | fix my credit Wed, 17 Jun 2009 01:54:15 +0000 http://www.mytwodollars.com/2007/07/16/the-start-digging-out-of-credit-card-debt-challenge/#comment-33210 [...] The Start Digging Out Of Credit Card Debt Challenge My Two Dollars Posted by root 45 minutes ago (http://www.mytwodollars.com) These are the types of debt you deal with after your credit card debt is all comments 9 post a comment trackback url null middot credit report all rights reserved powered by wordpress wordpress themes Discuss  |  Bury |  News | The Start Digging Out Of Credit Card Debt Challenge My Two Dollars [...] [...] The Start Digging Out Of Credit Card Debt Challenge My Two Dollars Posted by root 45 minutes ago (http://www.mytwodollars.com) These are the types of debt you deal with after your credit card debt is all comments 9 post a comment trackback url null middot credit report all rights reserved powered by wordpress wordpress themes Discuss  |  Bury |  News | The Start Digging Out Of Credit Card Debt Challenge My Two Dollars [...]

]]> By: Balancing Good Vs. Bad Debt In This Economy. | My Two Dollarshttp://www.mytwodollars.com/2007/07/16/the-start-digging-out-of-credit-card-debt-challenge/#comment-30373 Balancing Good Vs. Bad Debt In This Economy. | My Two Dollars Wed, 26 Nov 2008 14:01:21 +0000 http://www.mytwodollars.com/2007/07/16/the-start-digging-out-of-credit-card-debt-challenge/#comment-30373 [...] There really are different categories of debt, and they can be simplified for this post into just two - good debt and bad debt. “Good” debt is kind of a misnomer, as any debt you carry is still money you owe to someone else. But there is a big difference between good and bad debt, and the one you need to be focusing on right now is “bad” debt. This is the kind of debt you want to try to get rid of quickly, as generally the interest rates are higher, the payment schedules are shorter, and the issuer of the bad debt could adjust the interest rate at any time. Sound familiar? Yep, we are talking about credit cards. This is the bad debt that you should be working on full time to try to get rid of. It’s one thing to have to worry about making the mortgage or the car payment; these are things essential to your day to day life. But worrying about making a minimum credit card payment for items you purchased years ago can be a real drain on the finances, especially as people are losing jobs and the money in their retirement accounts. This is why it is so important to not carry around credit card debt; you just don’t know when things will get rough. I remember when I had a minimum payment of $400 a month on my debt - that was so incredibly painful to shell out every month. Oh what I could have been doing with that $400 a month! The longer you wait to pay off your bad debt, the higher it will get and the more interest you will pay - not a good recipe for success. So even if you only have an extra $5 a month to pay on your credit card debt, please do so. For more help on getting out of credit card debt, check out my series “The Getting Out Of Credit Card Debt Challenge“. [...] [...] There really are different categories of debt, and they can be simplified for this post into just two – good debt and bad debt. “Good” debt is kind of a misnomer, as any debt you carry is still money you owe to someone else. But there is a big difference between good and bad debt, and the one you need to be focusing on right now is “bad” debt. This is the kind of debt you want to try to get rid of quickly, as generally the interest rates are higher, the payment schedules are shorter, and the issuer of the bad debt could adjust the interest rate at any time. Sound familiar? Yep, we are talking about credit cards. This is the bad debt that you should be working on full time to try to get rid of. It’s one thing to have to worry about making the mortgage or the car payment; these are things essential to your day to day life. But worrying about making a minimum credit card payment for items you purchased years ago can be a real drain on the finances, especially as people are losing jobs and the money in their retirement accounts. This is why it is so important to not carry around credit card debt; you just don’t know when things will get rough. I remember when I had a minimum payment of $400 a month on my debt – that was so incredibly painful to shell out every month. Oh what I could have been doing with that $400 a month! The longer you wait to pay off your bad debt, the higher it will get and the more interest you will pay – not a good recipe for success. So even if you only have an extra $5 a month to pay on your credit card debt, please do so. For more help on getting out of credit card debt, check out my series “The Getting Out Of Credit Card Debt Challenge“. [...]

]]> By: a current project of mine « L-chronicleshttp://www.mytwodollars.com/2007/07/16/the-start-digging-out-of-credit-card-debt-challenge/#comment-26792 a current project of mine « L-chronicles Fri, 30 May 2008 18:36:44 +0000 http://www.mytwodollars.com/2007/07/16/the-start-digging-out-of-credit-card-debt-challenge/#comment-26792 [...] “The Start Digging out of Credit Card Debt Challenge”. I’ve already completed part one on my own, so on to part two this [...] [...] “The Start Digging out of Credit Card Debt Challenge”. I’ve already completed part one on my own, so on to part two this [...]

]]> By: Guest Post - How The “Digging Out Of Credit Card Debt Challenge” Improved My Outlook On Life. | My Two Dollarshttp://www.mytwodollars.com/2007/07/16/the-start-digging-out-of-credit-card-debt-challenge/#comment-25068 Guest Post - How The “Digging Out Of Credit Card Debt Challenge” Improved My Outlook On Life. | My Two Dollars Fri, 22 Feb 2008 19:30:55 +0000 http://www.mytwodollars.com/2007/07/16/the-start-digging-out-of-credit-card-debt-challenge/#comment-25068 [...] our debt. On July 16, David started his series right here at My Two Dollars called “The Start Digging out of Credit Card Debt Challenge“. I am in a pretty significant amount of debt, about $5500 of it credit card debt. Although I [...] [...] our debt. On July 16, David started his series right here at My Two Dollars called “The Start Digging out of Credit Card Debt Challenge“. I am in a pretty significant amount of debt, about $5500 of it credit card debt. Although I [...]

]]> By: The Start Digging Out Of Credit Card Debt Challenge - Week Three. | My Two Dollarshttp://www.mytwodollars.com/2007/07/16/the-start-digging-out-of-credit-card-debt-challenge/#comment-24440 The Start Digging Out Of Credit Card Debt Challenge - Week Three. | My Two Dollars Tue, 22 Jan 2008 22:16:04 +0000 http://www.mytwodollars.com/2007/07/16/the-start-digging-out-of-credit-card-debt-challenge/#comment-24440 [...] you missed part one of this series, you can read it right here, part two is available right here, part three is available right here, part 4 is available right [...] [...] you missed part one of this series, you can read it right here, part two is available right here, part three is available right here, part 4 is available right [...]

]]> By: The Start Digging Out Of Credit Card Debt Challenge - Week Four. | My Two Dollarshttp://www.mytwodollars.com/2007/07/16/the-start-digging-out-of-credit-card-debt-challenge/#comment-24438 The Start Digging Out Of Credit Card Debt Challenge - Week Four. | My Two Dollars Tue, 22 Jan 2008 22:15:08 +0000 http://www.mytwodollars.com/2007/07/16/the-start-digging-out-of-credit-card-debt-challenge/#comment-24438 [...] you missed part one of this series, you can read it right here, part two is available right here, part three is available right here, part 4 is available right [...] [...] you missed part one of this series, you can read it right here, part two is available right here, part three is available right here, part 4 is available right [...]

]]> By: The Start Digging Out Of Credit Card Debt Challenge - Week Five. | My Two Dollarshttp://www.mytwodollars.com/2007/07/16/the-start-digging-out-of-credit-card-debt-challenge/#comment-24436 The Start Digging Out Of Credit Card Debt Challenge - Week Five. | My Two Dollars Tue, 22 Jan 2008 22:14:01 +0000 http://www.mytwodollars.com/2007/07/16/the-start-digging-out-of-credit-card-debt-challenge/#comment-24436 [...] you missed part one of this series, you can read it right here, part two is available right here, part three is available right here, part 4 is available right [...] [...] you missed part one of this series, you can read it right here, part two is available right here, part three is available right here, part 4 is available right [...]

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