Category Archives: Debt Reduction
Debt Reduction Success Stories
Debt Reduction Success Stories: I recently asked my twitter.com/NCN followers to share their debt reduction success stories. Here are some of my favorites: @Elle_CM has a great article about How To Pay Off Car Loan over at CoupleMoney. @FCN from Five Cent Nickel did an awesome thing and paid off his mortgage – in less [...]
Early Mortgage Payoff Update 1
Back in February my wife and I purchased our first home. Our first payment was due April 1, and posted on April 10. As of today, we have made 6 regular, scheduled monthly payments. We have also made 4 additional payments – payments which are applied directly towards the mortgage principal. We have a conventional [...]
How To Deal When You Set A Goal But Come Up Short
It’s hard to believe, but I’ve been blogging about debt reduction for more than 5 years. In all that time, there are two dates that really stick out for me: The first date is a fun date to remember – February 6, 2006 – the day that I paid off all of my debt, was [...]
5 Simple Debt Reduction Tips
I like to write about an array of personal finance topics, but my true passion is debt reduction. Tip 1 – Send in credit card payments as soon as is possible. This reduces your average daily balance and total interest charges. Tip 2 – Be both analytical and emotional. Debt reduction requires three things – [...]
