Comments on: Resources and ways to cut your debt load http://christianpf.com/ways-to-cut-your-debt/ Christian Personal Finance - Financial help blog, debt help and other financial resources Tue, 14 Feb 2012 21:22:01 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Ehrica's Attic http://christianpf.com/ways-to-cut-your-debt/comment-page-1/#comment-169081 Ehrica's Attic Tue, 31 Jan 2012 02:21:53 +0000 http://christianpf.com/?p=4984#comment-169081 I just finished a Financial Peace University class at our local church and have read Dave Ramsey's books. My husband and I are trying very hard to eliminate our debt. I am so sick of being a slave to the creditors!!! We have two cards paid off and will have our car paid off in a couple of months. Thank you for your website! I just finished a Financial Peace University class at our local church and have read Dave Ramsey’s books. My husband and I are trying very hard to eliminate our debt. I am so sick of being a slave to the creditors!!! We have two cards paid off and will have our car paid off in a couple of months. Thank you for your website!

]]> By: Mike http://christianpf.com/ways-to-cut-your-debt/comment-page-1/#comment-121074 Mike Fri, 24 Jun 2011 12:18:21 +0000 http://christianpf.com/?p=4984#comment-121074 That's a lot of very good advice. It'll take a while to read all this. Free ebooks are great. Looks like I have to take the whole weekend to get it all done. That’s a lot of very good advice. It’ll take a while to read all this. Free ebooks are great. Looks like I have to take the whole weekend to get it all done.

]]> By: Stu http://christianpf.com/ways-to-cut-your-debt/comment-page-1/#comment-108952 Stu Sat, 16 Apr 2011 22:21:56 +0000 http://christianpf.com/?p=4984#comment-108952 You really went the extra mile with this post! Great info, but I guess it really comes down to discipline, doesn't it? All of the items you mentioned aren't particularly revelatory -- all one needs to do is take a hard, honest look at where their money is being spent and they could easily reduce expenditures... well, easily said, not so easily done I guess. Discipline, right? :) You really went the extra mile with this post! Great info, but I guess it really comes down to discipline, doesn’t it? All of the items you mentioned aren’t particularly revelatory — all one needs to do is take a hard, honest look at where their money is being spent and they could easily reduce expenditures… well, easily said, not so easily done I guess. Discipline, right? :)

]]> By: Jeanni http://christianpf.com/ways-to-cut-your-debt/comment-page-1/#comment-105271 Jeanni Thu, 24 Feb 2011 19:07:08 +0000 http://christianpf.com/?p=4984#comment-105271 My Husband and I had started this process about 2.5 years ago after reading a lot from Dave Ramsey and Suzie. I researched some software on the internet and found one that I could download for free, called Debt Accelerator. It recorded all information about our debt, current interest rates, current balances, minimum payments and after entering all this information in it was able to provide me a report on the snowballing of debt with a month to month list of what your balances will look like. I liked the fact that it would calculate your final PAY date and show the differences if you snowballed your payments. We have successfully paid off 2 credit cards in the past 2 years with this as my guide. I am really happy with this path we are taking and we will be completely debt free....minus the house payment within the next 2 years. We will be able to quit working and use our pensions to explore the US and really enjoy ourselves in no time. The light at the end of the tunnel is getting closer and closer!! My Husband and I had started this process about 2.5 years ago after reading a lot from Dave Ramsey and Suzie. I researched some software on the internet and found one that I could download for free, called Debt Accelerator. It recorded all information about our debt, current interest rates, current balances, minimum payments and after entering all this information in it was able to provide me a report on the snowballing of debt with a month to month list of what your balances will look like. I liked the fact that it would calculate your final PAY date and show the differences if you snowballed your payments. We have successfully paid off 2 credit cards in the past 2 years with this as my guide. I am really happy with this path we are taking and we will be completely debt free….minus the house payment within the next 2 years.
We will be able to quit working and use our pensions to explore the US and really enjoy ourselves in no time. The light at the end of the tunnel is getting closer and closer!!

]]> By: Mike http://christianpf.com/ways-to-cut-your-debt/comment-page-1/#comment-64151 Mike Wed, 01 Sep 2010 17:16:33 +0000 http://christianpf.com/?p=4984#comment-64151 Hi Bob, Great post with a ton of useful resources. A while back I wrote a post about how simple but important it is to earn more than you spend. This (IMO) sets up everything else and gets one going in the right direction. I have always associated being debt-free with "economic freedom" For when we are in debt to others we have essentially "sold forward" our labor, time and resources. Being debt-free is so worth the effort. Take Care, Mike Hi Bob,

Great post with a ton of useful resources. A while back I wrote a post about how simple but important it is to earn more than you spend. This (IMO) sets up everything else and gets one going in the right direction. I have always associated being debt-free with “economic freedom” For when we are in debt to others we have essentially “sold forward” our labor, time and resources. Being debt-free is so worth the effort.

Take Care, Mike

]]> By: Anne http://christianpf.com/ways-to-cut-your-debt/comment-page-1/#comment-51603 Anne Tue, 06 Jul 2010 19:24:41 +0000 http://christianpf.com/?p=4984#comment-51603 Wow those are some great resources! Thanks for the resources, I’ll look into getting some of the books! Wow those are some great resources! Thanks for the resources, I’ll look into getting some of the books!

]]> By: Prof P.Madhu Sudana Rao,Ethiopia http://christianpf.com/ways-to-cut-your-debt/comment-page-1/#comment-27143 Prof P.Madhu Sudana Rao,Ethiopia Sat, 27 Mar 2010 10:36:32 +0000 http://christianpf.com/?p=4984#comment-27143 Every body,who spends more than he earns,is trapped into debt,which has be cleared tactfully,without losing moral or ethical values.One of the best ways is to borrow for a long term,by doubling the loan amount,from friends and relatives and invest in long term assets like,shares,land and other securities which have fundamental value.When the values go up,much higher than your debt amounts,dispose all of them and have a relaxed and peaceful life. If you are a self employed person,do not concentrate on so many businesses,but concentrate on high margin business.Every year the surplus is to be invested properly and thus get rid of the debts. Every body,who spends more than he earns,is trapped into debt,which has be cleared tactfully,without losing moral or ethical values.One of the best ways is to borrow for a long term,by doubling the loan amount,from friends and relatives and invest in long term assets like,shares,land and other securities which have fundamental value.When the values go up,much higher than your debt amounts,dispose all of them and have a relaxed and peaceful life.
If you are a self employed person,do not concentrate on so many businesses,but concentrate on high margin business.Every year the surplus is to be invested properly and thus get rid of the debts.

]]> By: Tracy http://christianpf.com/ways-to-cut-your-debt/comment-page-1/#comment-20369 Tracy Mon, 25 Jan 2010 16:32:20 +0000 http://christianpf.com/?p=4984#comment-20369 Great post Bob, what a lot of resources. It's amazing that all this help is available if people just get out there and look for it. Sometimes, when debt problems seem insurmountable, all someone needs to pick themselves back up is a plan and some choices. You have provided a bunch of choices here. Kudos. Great post Bob, what a lot of resources. It’s amazing that all this help is available if people just get out there and look for it. Sometimes, when debt problems seem insurmountable, all someone needs to pick themselves back up is a plan and some choices. You have provided a bunch of choices here. Kudos.

]]> By: LeanLifeCoach http://christianpf.com/ways-to-cut-your-debt/comment-page-1/#comment-20346 LeanLifeCoach Mon, 25 Jan 2010 00:59:37 +0000 http://christianpf.com/?p=4984#comment-20346 One more item I have often recommended is a free spreadsheet I highlighted from <a href="http://www.vertex42.com/Calculators/financial-calculators.html" rel="nofollow">Vertex42</a>. It's a great resource that lets you plan and track your debt reduction strategy using either the debt snowball or the avalanche approach. This is a great and comprehensive list of resources. I've also signed up for your free e-book, it looks interesting. I'll be sending people here to view it first thing in the morning. One more item I have often recommended is a free spreadsheet I highlighted from Vertex42. It’s a great resource that lets you plan and track your debt reduction strategy using either the debt snowball or the avalanche approach.

This is a great and comprehensive list of resources. I’ve also signed up for your free e-book, it looks interesting. I’ll be sending people here to view it first thing in the morning.

]]> By: Personal Finance Student http://christianpf.com/ways-to-cut-your-debt/comment-page-1/#comment-20064 Personal Finance Student Mon, 18 Jan 2010 17:05:22 +0000 http://christianpf.com/?p=4984#comment-20064 Dealing with debt can be a complicated thing. The software you recommend should prove useful. While they are a bit on the expensive side I'm thinking about checking similar software out. Dealing with debt can be a complicated thing. The software you recommend should prove useful. While they are a bit on the expensive side I’m thinking about checking similar software out.

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