My Two Dollars

How we paid down our debt and saved money at the same time..it can be done!

I have been reading a lot of posts at different financial websites lately about the trouble people are having paying off their credit card debt while trying to save a little extra money for themselves. First of all, anyone doing their best to pay off credit card should be commended, as we all need to be free of this “bad” debt and get ourselves some “good” debt. (For some reason that still makes me cringe, but I suppose there are good reasons to have debt, such as owning a house or going to school.) It is hard work to pay off years worth of charging up those cards, and even though it seems insurmountable, it is in fact possible to both pay off the debt and save some money at the same time. One of the biggest concerns about getting out of debt is how to come up with that giant minimum payment due and then trying to add an extra couple dollars to that as well. You know, that dreaded white envelope that shows up once a month, that you carefully put on the desk only to be opened later when you have taken your medicine, put on safety goggles and pulled up a comfortable chair that you will not fall out of. Sometimes it might say this:

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