Dealing With Debt

July 26, 2008

Finances

I’ve been trying to avoid the “recession” woes news as much as possible these days. It’s not because I want to stick my head in the sand like an ostrich and pretend things aren’t there… but I do tend to worry about things, and what can a person do when the governments are bound and determined to wreck the economy?? We can only wait it out (and be very careful about how we spend our own money). The credit card debt is terrible. I know it is for the rest of the country, too– we need some serious debt relief in this country. We have a lot of it. For us, it started years ago, when the economy in New York really started to go south (along with a lot of fed-up people). We used credit to get through some really tight times, in the hopes that things would get better and we could pay things off. Well, it’s pretty obvious that things haven’t gotten better. Sigh. We did try debt consolidation for a few years, but they were schiesters and took off with our money. Not much debt help there! We’ve decided to take things into our own hands, and just pay what we can, when we can, and not purchase ANYTHING until it’s paid off. And things like Bills IQ quizzes help us see where we need to improve. Check it out! I’ve come to realize that it’s really up to the individual to fix things. The more the government gets out of the way, the better!

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2 Responses to “Dealing With Debt”

  1. Jaya Says:

    I’ve just taken the time to locate and apply for a credit card with a much lower APR, and will pay off one of my high APR cards with a balance transfer onto the new one (and then CLOSE the old card’s account). This will save me at least $400 per year. I don’t know why I didn’t do it sooner!

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