Comments on: Mega Guide: How to Get Out (and stay out) of Credit Card Debt http://masteryourcard.com/blog/2008/09/04/a-guide-to-get-out-of-credit-card-debt/ The best Credit Card Debt Blog online Wed, 17 Mar 2010 10:38:55 -0400 http://wordpress.org/?v=abc hourly 1 By: Finance Fiesta No. 16 | Pecuniarities http://masteryourcard.com/blog/2008/09/04/a-guide-to-get-out-of-credit-card-debt/comment-page-1/#comment-16444 Finance Fiesta No. 16 | Pecuniarities Mon, 02 Feb 2009 09:24:50 +0000 http://masteryourcard.com/blog/2008/09/04/a-guide-to-get-out-of-credit-card-debt/#comment-16444 [...] Master Your Card presents Mega Guide: How to Get Out (and stay out) of Credit Card Debt [...] [...] Master Your Card presents Mega Guide: How to Get Out (and stay out) of Credit Card Debt [...]

]]> By: Polly Poorhouse http://masteryourcard.com/blog/2008/09/04/a-guide-to-get-out-of-credit-card-debt/comment-page-1/#comment-6368 Polly Poorhouse Sun, 21 Sep 2008 03:35:32 +0000 http://masteryourcard.com/blog/2008/09/04/a-guide-to-get-out-of-credit-card-debt/#comment-6368 It seems to be that ordering by highest interest rate to lowest is more rational than smallest balance to largest. But I suppose it depends on the psyche of the individual debtor. If it motivates somebody to pay off faster I suppose it could work. Yours is an easy-to-digest strategy, broken down into manageable steps. It seems to be that ordering by highest interest rate to lowest is more rational than smallest balance to largest. But I suppose it depends on the psyche of the individual debtor. If it motivates somebody to pay off faster I suppose it could work.

Yours is an easy-to-digest strategy, broken down into manageable steps.

]]> By: Finance Fiesta No. 16 | Our Fourpence Worth http://masteryourcard.com/blog/2008/09/04/a-guide-to-get-out-of-credit-card-debt/comment-page-1/#comment-6283 Finance Fiesta No. 16 | Our Fourpence Worth Fri, 19 Sep 2008 04:00:53 +0000 http://masteryourcard.com/blog/2008/09/04/a-guide-to-get-out-of-credit-card-debt/#comment-6283 [...] Master Your Card presents Mega Guide: How to Get Out (and stay out) of Credit Card Debt [...] [...] Master Your Card presents Mega Guide: How to Get Out (and stay out) of Credit Card Debt [...]

]]> By: Kristy http://masteryourcard.com/blog/2008/09/04/a-guide-to-get-out-of-credit-card-debt/comment-page-1/#comment-5668 Kristy Mon, 08 Sep 2008 04:50:18 +0000 http://masteryourcard.com/blog/2008/09/04/a-guide-to-get-out-of-credit-card-debt/#comment-5668 Thanks for commenting, Happy Rock, but I disagree. We've had several discussions centered on the Ramsey method versus that of the traditional method. I'm happy for anyone who gets out of debt, but I simply cannot advocate that people spend more money to get out of debt. It goes against the grain and seems very illogical to me. If it absolutely works for you, fine. I'm not going to begrudge you that. The method has worked for many people which is why Ramsey is as popular as he is. Still, when I write a financial guide to getting out of debt, I'm going to write it from the principle that I want you to spend as little money doing it as possible. Thanks for commenting, Happy Rock, but I disagree. We’ve had several discussions centered on the Ramsey method versus that of the traditional method. I’m happy for anyone who gets out of debt, but I simply cannot advocate that people spend more money to get out of debt. It goes against the grain and seems very illogical to me. If it absolutely works for you, fine. I’m not going to begrudge you that. The method has worked for many people which is why Ramsey is as popular as he is. Still, when I write a financial guide to getting out of debt, I’m going to write it from the principle that I want you to spend as little money doing it as possible.

]]> By: The Happy Rock http://masteryourcard.com/blog/2008/09/04/a-guide-to-get-out-of-credit-card-debt/comment-page-1/#comment-5667 The Happy Rock Mon, 08 Sep 2008 04:42:37 +0000 http://masteryourcard.com/blog/2008/09/04/a-guide-to-get-out-of-credit-card-debt/#comment-5667 Very nice steps. Step one of stop spending is key. You have to change your behavior or getting out of debt won't work. One place I would suggest people consider options is order of debts. I encourage people to do smallest debt to largest unless there is major finanical reason to do so. I have seen it change behaviors quicker and encourage more energy and passion because of wonderful feeling of crossing debts out. It quickly gives you a glimpse into the future. $100-$200 isn't a big deal, but getting out of debt is. The only thing that matters is getting out of debt as fast as possible, so choose the plan that will get you out of debt as fast as possible and remember to take into account behavior and pyshcology, not just math. Very nice steps. Step one of stop spending is key. You have to change your behavior or getting out of debt won’t work.

One place I would suggest people consider options is order of debts. I encourage people to do smallest debt to largest unless there is major finanical reason to do so. I have seen it change behaviors quicker and encourage more energy and passion because of wonderful feeling of crossing debts out. It quickly gives you a glimpse into the future. $100-$200 isn’t a big deal, but getting out of debt is. The only thing that matters is getting out of debt as fast as possible, so choose the plan that will get you out of debt as fast as possible and remember to take into account behavior and pyshcology, not just math.

]]> By: Carnivals, Festivals and Linklove — Almost Frugal http://masteryourcard.com/blog/2008/09/04/a-guide-to-get-out-of-credit-card-debt/comment-page-1/#comment-5610 Carnivals, Festivals and Linklove — Almost Frugal Sun, 07 Sep 2008 10:01:46 +0000 http://masteryourcard.com/blog/2008/09/04/a-guide-to-get-out-of-credit-card-debt/#comment-5610 [...] credit card debt? Master Your Card has a great guide on how to get out and stay out of credit card debt. And if you like that post, you’ll be happy next [...] [...] credit card debt? Master Your Card has a great guide on how to get out and stay out of credit card debt. And if you like that post, you’ll be happy next [...]

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