Debt Free, Noted

Debt Reduction Success With The Happy Rock

I recently conducted an email interview with one of my fellow personal finance writers, Frank from over at The Happy Rock.  Frank has written about his own debt reduction success, having paid off $70,000 in four years! Here’s my favorite snippet from his post- We watched our spending, trimmed our expenses, and put every extra penny towards debt. We learned how to plan, save, and spend CASH on larger items. We set up Microsoft money, created a budget, and communicated about how we were spending our money. The growth of control bred more motivation and energy. Frank was kind enough to answer some questions via email.  Here’s the interview- How long have you been debt free? – Since 2005 which…

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Debt Free, Resources

Inspiration To Get Out Of Debt

The following resources both inspired me to get out of consumer-debt and keep me motivated as I strive to pay off my mortgage.  Check out- Financial Calculators – A random search of the Internet lead me these debt calculators from over at Dinkytown.  Once I plugged in my own credit card debt and automobile debt, and ran the calculations for various payment methods, I was off and running. Radio Program – If you have spent any time at all researching debt reduction, you have no doubt heard of the awesome Dave Ramsey radio program.  Listening to Dave always motivates me.

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Debt Free

Our Plan For Remaining Consumer-Debt Free

This week marks our fifth year of living debt free.  In a previous article, I shared how our decision to get out of debt has changed our lives.  Now, it’s time to share our plan for remaining (consumer) debt free – and paying off our mortgage. We continue to live on a budget. One of the benefits of being debt free can quickly become a curse – “extra” cash.  Think about it.  Without monthly payments, a goodly portion of our take-home pay is now available for…anything, really.  Without the discipline of the budget, we might quickly waste the very “extra” cash that we should be saving.  We use the awesome You Need a Budget tool to manage our monthly budget…

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