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Archive for the ‘Debt - Get Out & Stay Out’ Category

How to Get out of Debt: Step 2 - Debt Payoff Strategy

By G.E. Miller • May 7th, 2008 • Category: Budgeting, Dave Ramsey, Debt - Get Out & Stay Out

photo credit: kivanc
Recently, we covered step 1 on how to get out of debt - stopping the bleeding, or preventing the accrual of additional new debt. Preventing added debt is essential when trying to break free of debt, however, you’re still going to be in the red unless you find a way that [...]



Clever Ways to Delay Instant Purchase Gratification

By G.E. Miller • Apr 17th, 2008 • Category: Budgeting, Credit, Debt - Get Out & Stay Out

photo credit: ppdigital
Driven by Emotions
When all it takes to buy something you are interested in is to plug in a number, or swipe with your hand, what’s preventing your emotions from taking over and making rash, irrational decisions? If there was a spectrum for frugality from 1 to 10, with 1 being bankruptcy and [...]



How to Get Out of Debt: Step 1 - Stop the Bleeding

By G.E. Miller • Apr 13th, 2008 • Category: Budgeting, Debt - Get Out & Stay Out

photo credit: millicent bystander

There are many theories on what the best way to pay off your debts is, but before you should even start talking about paying off your debts, you’ll first need to stop the bleeding (accumulating more debts). In order to do that, let’s first discuss good debt, bad debt, secured debt, [...]