GOAL ACTION SPACE: Plan. Do. Reflect.

The Goal: Pay off all my debt

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Reach your financial goals by reading the book that influenced just about every other self-help book: Think and Grow Rich (It didn't get 5 stars with 95+ customer reviews for nothing!)

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Planning / How-to Tips

	willy921 says: 09/16/2008	Look, I've struggled with this for years and now I'm finally doing something about it. - I started by laying out a simple budget. Nothing totally draconian, but something that's realistic. - Next, I set up an online savings account where money is automatically deposited from my checking account every month. I used a well-known bank in my area that also has the convenience of branch banking (http://www.univestdirect.com), but there are many out there. - I reevaluated my spending habits: Is it a need or a want? - I'm regularly balancing my checkbook and track where my money goes - After creating a modest cushion, I'm paying of my debts, starting with those with the highest rates first. While it's taken some effort and a change of habits, I'm gradually eating through my debt and I can see light at the end of the tunnel. Hey, If I can do it, anyone can!
	susiew says: 09/23/2007	A new website called "Mint" ("refreshing money management") promises to help you -see where your money goes -stop overspending and start "over saving" -and control your finances by getting notifications about bill due dates (which many online bill pay services do already) The feedback about the service's analysis and recommendations from ways to save makes it worth taking a look at. It is a startup that is backed by venture capital. While you should always question a site that asks for financial and personal information, they are careful to spell out safe guards: http://www.mint.com/safe.html Make sure your security software is up to date and running before setting up your account! Here it is... http://www.mint.com/
	Hollie3113 says: 08/08/2007	Just tally up the amount of money you are paying each year in interest. Doing that had a big impact on me. Then make a plan and stick to it. I also recommend the books The Total Money Makeover and Your Money or Your Life. Thankfully I'm well on my way to being totally debt free by the end of this year.
	sportychick says: 08/05/2007	Well, I still have 50 cents in fines at the library, but other than that... I don't owe my parents (or my brother... ug.... money anymore. The money is going straight to my college fund, tithe, and spending. YAY!
	Anonymous says: 06/01/2007	How to do this. I want to. I have a good salary. I could earn more. I am looking for opportunities. The children's education is very important and it is also very expensive and this combined with the day to day expenses, consumes all the income.
	kylestos says: 04/14/2007	save, instead of spend
	susiew says: 04/12/2007	Good tips for saving money without depriving yourself of your comforts. http://www.thestreet.com/_htmlbooyah/newsanalysis/opinion/10349795.html (Bottomline: Find ways to get the same products and services cheaper.)
	susiew says: 03/21/2007	Some ideas for saving money on house repairs from Money mag, Aug 2006 + some of my own tips. -Tell the repair person a friend referred you, so they'll treat you better. -Ask if there's a way to fix it yourself. -Ask their rates and if there's a per-visit fee. -If you can email a photo they may tell you they're the wrong person for the job. -Ask if you can buy the supplies yourself, which could save money. -Ask if they're insured and if the job has a warranty. For important car repairs I go to the service dept for my car's dealer. But for non-risky car repairs I found a guy who used to be an authorized service person for my car's brand and charges about 40% of what the dealer charges (such as for fluid flushes). I always casually mention that if the work is great i will be sure to spread the word and write a review online.
	Alicia_Beckworth says: 01/08/2007	After going through Dave Ramsey's course, my husband & I went to a cash system (after establishing a budget). Seems so "old-school" after using debit cards. However, it has been the best thing in terms of saving money.
	kakrob00 says: 01/02/2007	don't shop unless you have cash.
	says: 12/16/2006	Follow the money makeover outlined in Dave Ramsey's book 'The Total Money Makeover". Follow a budget
	LeDernierMot says: 09/27/2006	Earn £100 Spend £70 Payoff debt with £25 Save £5-you will need this later
	pinkyracer says: 12/29/2005	"Get out of debt, stay out of debt, and live prosperously" By Jerrold Mundis. He taught me how to manage money without feeling deprived. It's a great book.

Comments:

	rsrol says: 04/28/2008	Doing Dave Ramseys baby steps and so far this year, I have paid off close to $7000 in debt.
	LeDernierMot says: 09/27/2006	Make a budget, list your outgoings, cost them and then ask-Do I really need that extra cup of coffee
	Joosey2 says: 01/11/2006	Do you have a specific date to get out of debt by? What baby steps have you taken? Do you have a financial plan?
	susiew says: 12/27/2005	If anyone wants any personal advice just ask me, the notorious cheapskate. I am very good at living within my means, much to some of your annoyances :)