Did you resolve to get out of debt this year?

[WolverineDG]

You might want to check this out---download Suze Orman's latest book Suze Orman's 2009 Action plan for free--via Oprah.com

http://www.oprah.com/article/oprahshow/20081119_tows_bookdownload

dg

[lizziegrace]

1. I did

then on the 5th I was laid off, along with 5 others. Found out today that there will be at least 5-6 more, but of course they haven't been told yet.

I'll download it with the hopes that the year will end better than it's begun.

:hi:

[WolverineDG]

2. Sorry to hear that lizziegrace

:(

But at least this book is free. :crazy: Good luck! I hope you find a really good job soon.

dg

[lizziegrace]

3. Thanks

:)

I'm glad you posted this. I'm going to download it with a little hope.

[CreekDog]

4. No, because debt has its place

to get out of debt i would have to pay off my mortgage --i can't, at least not without moving.

i would also have to pay off my car, but there's little point in doing that, the interest per month is trivial ($15) and the peace of mind in having a couple more months of living expenses in the bank is worth more to me than free and clear title.

secured debt has a useful place.

unsecured debt, however, that's the one to watch out for.

[WolverineDG]

7. The mortgage is the last thing I'm going to pay down

I want to pay off my stoopid credit cards so I can free up the money to throw at the mortgage. :)

dg

[CreekDog]

23. it may be a better idea to throw money at your 401k or other investments first

depending upon what your mortgage and tax rates are.

in my case, over the long term thanks to taxes and a low mortgage interest rate, my conservatively invested 401k was a better long term place for extra money than my mortgage. i generally pay the minimum on my mortgage.

[WolverineDG]

33. You have a point

when I get to that point, I'll consider doing that. :)

dg

[crispini]

5. Wow. thanks for the link Wolvie!

I love free stuff! I'll definitely check it out. How are you doing?

[WolverineDG]

6. Fine, just fine!

How are you doing? Have you found a job yet? :) I'm resolving to pay off at least 2 debts that I have this year. :) BTW, if you can, do her "Save Yourself" Plan & get $100 at next year. She offered that deal last year (open up a TD America savings account & deposit at least $50/month automatically; get $100 one year later) & I've got one more payment to go! :thumbsup:

dg

[crispini]

13. I did find a job.

I started Monday. I'm completely stoked! :)

[WolverineDG]

16. YAY!!

I just couldn't imagine you losing that cute little house of yours!! :cry:

dg

[kentauros]

8. Therre's no "resolution" about it.

It's simply something I have to do. For me, it's paying off massive vet bills on my cat. But I love him anyway :loveya:

[WolverineDG]

12. I hear you on that one!

I'm sending my vet's kids to college.... :eyes:

Damn furballs.... :loveya:

dg

[kentauros]

14. The biggest amount was incurred at one of those specialized clinics

so I'm guessing I'm "spreading the wealth" ;)

Too bad "single payer" doesn't include our furball loved-ones, too...

[WolverineDG]

15. Yeah

Here I am just wishing I could claim them as dependents on my tax return......for "free" animals (ie, the street kennel ;) ), they sure are expensive! :)

dg

[qb]

9. Thanks for the link! I've just gotten my unsecured debt consolidated

by a non-profit agency. I have a budget & a cash-only spending plan. I won't be out of debt this year, but will be well on my way.

[WolverineDG]

10. Good luck! nt

[WolverineDG]

11. delete; wrong place

[Bake]

17. No ... but I DID resolve to get the hell out of Mississippi ...

Bake

[WolverineDG]

20. lol

I live in Texas, so I can relate to that.

dg

[Bake]

29. True dat.

But I'm not joking. Back to the Bluegrass for me. One way or another ...

Bake

[RebelOne]

18. Well, I have no choice but to get out of debt.

I am in a Chapter 13 bankruptcy for the next 4 years. I pay the court about $600 a month through an automatic withdrawal from my paycheck. I am not allowed to have any credit until the bankruptcy is discharged. Fortunately, I am also drawing Social Security, so I am not hurting for money. I would like to retire, but will have to keep working until the bankruptcy is paid off. That is, if the company I work for doesn't go belly up. Three people were laid off last week. My department consisted of me and 2 others. The other two were laid off, and I am doing their work also. So, I have job security for a while.

[WolverineDG]

19. I hope all goes well for you nt

[RebelOne]

21. Thank you n/t

[Skittles]

22. I've never been in debt

I live very simply

[WolverineDG]

28. Good for you!

Keep it up!

dg

[philosophie_en_rose]

24. Hell no! I'll die before those student loan companies get their money.

I pay every month on time, but it seems like it will never end.

[WolverineDG]

26. I feel the same way about my student loans

:hug:

dg

[SeattleGirl]

25. Cleared all my debt last month, so now all I have are household

bills and rent.

Damn good thing, too, as MrSG got laid off 3 weeks ago.

Think I'll check the link out anway, though.

:hi: Wolvie!

[WolverineDG]

27. Yay SG!!

:hi:

Good luck on MrSG's job hunting!! :)

dg

[Arger68]

30. Had everything paid off except for $33,000 left on my

mortgage. Now with a divorce and $12,000 in medical bills this year I had to borrow money against my once-paid-for car. I may have another $10,000 in medical bills this year, since the collar bone I broke last March has still not healed.

[WolverineDG]

31. Sorry to hear that but

I hope that 2009 is a much better year for you, both health-wise & financially. :)

dg

[Deja Q]

32. Got out, got a little back in, Oprah's a shill and Suze is just shrill.

Indeed, I recall the tv episode where the caller could get a good deal (40% off) on a spa, had some debt (albeit not much), and Suze said to go and do it.

Other people say it better: If you can't budget for it, you can't afford it.

I'll be out of mine in a couple of months, then saving again, and not being so erratic in spending.