i currently work as a product tech and im gettin stressed out with never having any money to do anything with any adice on how to get bills payed off faster with what little bit i make now?
Mon Jan 05, 2009 3:43 am
littleroc02us Moderator
Cash: $ 384.35
Posts: 1891
Joined: 09 Feb 2009
I'll try to keep this simple.
Take all of your debts and write them down on a piece of paper from the smallest to the largest. Make the minimum payments on all of them except the smallest. Once you have paid off the smallest debt you apply the previous amount to the second smallest debt and so on and so on. This process will help you to succeed by seeing progress by paying off debt. When you get closer to the larger debts it will become easier to tackle them. Once you have paid off all of your debt, don't ever borrow money again. Save an emergency fund of 3-6 months.
I hope this helped.
Mon Feb 09, 2009 9:40 pm
maku New Member
Cash: $ 1.60
Posts: 8
Joined: 09 Feb 2009
hopes its help
- write down and review your income/expense
- sort out all the expense that you not need
- try to cut down your regular expense
- if you have debt negotiate for lower rate or transfer balance
- sort all the debs by its cost and pay it regularly
- dont make any borrowing and once all ur debts is settle u should start saving your money
Tue Feb 10, 2009 3:36 am
NatalieT New Member
Cash: $ 1.60
Posts: 8
Joined: 12 Feb 2009
Location: Chicago, IL
I agree with both of the previous post. The snowball effect of paying of your debt is the best way to go. If you can pay off the smaller debt first you then have the extra money to put towards the larger dent every month. Also, you will need to change your spending habits or get another job to find the extra money.
