There is a great article about becoming debt free. It is written by a couple who reduced their debts to zero in only a year. With the current financial crisis, this article makes great reading for those of us facing fincial difficulties becuase of debt problems. It also provides practical tips and hope for all of us. What is especially great about the article is that the two people, although a couple, did not always have the same view about finances; this is possibky a situation many of us can relate to.
The article, entitled, $30k to $0: How we became debt-free in one year, is really well worth reading, especialy if you are a new couple facing debt problems and are unsure of ways of tackling your debt problems.
Perhaps the most difficult part is actually owning up to your debt and opening up to your partner. Once this is done, you cannot say the next steps are easier but it is certain that the next steps are not even possible until this is done.
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Tags: debt, debt consolidation, Finance, Financial crisis, Financial Planning, Personal Finance
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October 28th, 2008 at
To come out from debt we need to go for counseling. It will provide us scientific way to come out from debt problems.
Its really a great post. Thanks for sharing it.
I am also maintaining a finance related community. If you are interested then we do go for link exchange.
Plz mail me…..
nancysix00(at)@gmail.com
October 28th, 2008 at
Debt consolidation is the scientific way to come out from debt problems. It generally create option infront of the debtors to face the creditors. Out of that the person can choose his/ her option as per their requirement.
Thanks for sharing this post. Its really very commendable.
October 31st, 2008 at
Thank you so much for the link. I would love for more people to be debt free.