Debt Reduction - Series On Debt Reduction
This coming week I’m going to be writing a series of posts on debt reduction, and I’m looking forward to it. What comes from managing a site like the World Of Financing, is you get to read emails and form submissions from people who are badly in debt. It’s sad to say the least.
I declared personal bankruptcy once in my life due to overwhelming debt problems, so I know the tortures of money problems and rude bill collectors. It seemed that I was having more conversations with collection agency staff than with my own family and co-workers. It’s extremely demoralizing to have some of these nasty people tell you that you’re a pathetic dead-beat. After awhile you start to know them all by name, and you can actually have some fun with them. I asked them questions like, “how can you work a job like the one you have”, or “did you know that everyday you do that job you are creating bad karma for yourself”. Anyway….I know what it’s like to have debt problems, and I know what it’s like to lose it all.
This series will focus on the day to day, week to week, month to month, and year to year aspect of keeping a balanced budget, at the same time paying down your current debt load. These debt reduction ideas will touch on;
- ways to make extra money without over-taxing yourself
- ways to make sure extra money goes to the right place
- what to do with any savings you have
- what to do if you are way over your head
- when to consider bankruptcy
- ways to avoid ever getting deep in debt again
- the difference between good and bad debt
So I’ll look forward to getting down to work on the laptop Monday, and we’ll get this debt thang under control. Before I go, here is a nice little piece on Debt Reduction over at www.savingadvice.com
Bev
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