Monday, October 15, 2007

A Debt Story

Advanced Personal Finance has an excellent post explaining how him and his wife got out of debt. Nothing in that post is earth-shattering, it's just simply what must be done in order to achieve success.

Ignoring the problem won’t make it go away. You owe this money. You will pay it - it’s only a question of when and how much it’s going to cost you.

Are you ignoring your debt problem? What are you doing to resolve it? If you are only paying the amount that says is due on your car payment, student loan payment, etc., you are their favorite customer. They are getting their money, plus tons of interest. Get rid of it!

Pool Boy and I will be debt free someday. We will have our paychecks to do whatever we want with because we will not be paying car payments or a mortgage. A life without payments...I can't wait!