Comments on: 25 Debt Reduction Tips For Your Immediate Action Plan http://moneyning.com/debt/25-debt-reduction-tips-for-your-immediate-action-plan/ A personal finance blog where we share insights on carefully saving money, investing, early retirement, mortgages, stocks because the little things matter in achieving financial freedom! Sat, 21 Nov 2009 02:16:11 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: Nick http://moneyning.com/debt/25-debt-reduction-tips-for-your-immediate-action-plan/comment-page-1/#comment-19768 Nick Sun, 20 Sep 2009 02:10:56 +0000 http://moneyning.com/?p=2760#comment-19768 I have a budget for years and a side job. But there's some other way to make more money. You can play with the idea of having your own business, may a home business. This can be part of 'take ownership', part of the game, not just an outsider. Paying up debt is just like trying to get richer. There're 3 options for you. (1) Reduce the expenses, (2) Increase the incomes, and (3) Reduce the expenses and increase the incomes at the same time. I just love the third one. I have a budget for years and a side job. But there’s some other way to make more money. You can play with the idea of having your own business, may a home business. This can be part of ‘take ownership’, part of the game, not just an outsider.

Paying up debt is just like trying to get richer. There’re 3 options for you.
(1) Reduce the expenses,
(2) Increase the incomes, and
(3) Reduce the expenses and increase the incomes at the same time.

I just love the third one.

]]> By: John Smith http://moneyning.com/debt/25-debt-reduction-tips-for-your-immediate-action-plan/comment-page-1/#comment-16239 John Smith Fri, 29 May 2009 10:08:05 +0000 http://moneyning.com/?p=2760#comment-16239 The post is really very enjoyable as well as informative. Here you have given 25 tips to reduce debt. Few tips seem to be very effective to me. You told about the part time job. I know, this is a good way to get out of debt, but this is not very easy for those person who are already engaged in a profession. According to me, setting a budget for your family is the best way to pay your debts fast. I will also help you to prevent debt in future. The post is really very enjoyable as well as informative. Here you have given 25 tips to reduce debt. Few tips seem to be very effective to me. You told about the part time job. I know, this is a good way to get out of debt, but this is not very easy for those person who are already engaged in a profession. According to me, setting a budget for your family is the best way to pay your debts fast. I will also help you to prevent debt in future.

]]> By: Morgan http://moneyning.com/debt/25-debt-reduction-tips-for-your-immediate-action-plan/comment-page-1/#comment-15976 Morgan Fri, 15 May 2009 15:49:05 +0000 http://moneyning.com/?p=2760#comment-15976 great list. My family and I are very aggressively attacking our debt and we are doing many of the things you've suggested. Re: #1--the prize, I spend time every day (even if it's just a few moments) imagining in real terms what it will be like to be debt free. How I will open the mail with no sense of dread. How I will pack our suitcases for a trip knowing its all paid for. How i will see significant numbers in my checking and investment accounts. How I will walk into my dream home the very first time--what it will feel like, smell like, look like...I try to make it real. I frequently blog on using our dreams to motivate us in the difficult tasks of changing our financial behaviors. Thanks for this great post, this is my first time to your site and I will visit again. Thanks Morgan at TheDebtDance.com great list. My family and I are very aggressively attacking our debt and we are doing many of the things you’ve suggested.
Re: #1–the prize, I spend time every day (even if it’s just a few moments) imagining in real terms what it will be like to be debt free. How I will open the mail with no sense of dread. How I will pack our suitcases for a trip knowing its all paid for. How i will see significant numbers in my checking and investment accounts. How I will walk into my dream home the very first time–what it will feel like, smell like, look like…I try to make it real.
I frequently blog on using our dreams to motivate us in the difficult tasks of changing our financial behaviors.
Thanks for this great post, this is my first time to your site and I will visit again. Thanks
Morgan at TheDebtDance.com

]]> By: Imee http://moneyning.com/debt/25-debt-reduction-tips-for-your-immediate-action-plan/comment-page-1/#comment-15340 Imee Thu, 16 Apr 2009 10:21:45 +0000 http://moneyning.com/?p=2760#comment-15340 Oh my that's a lot of tips! Thanks for that, I think this can help out a friend of mine who's deep in debt. I always keep telling her to freeze (actually, literally CUT) her credit cards because that's what got her in that situation in the first place. Oh my that’s a lot of tips! Thanks for that, I think this can help out a friend of mine who’s deep in debt. I always keep telling her to freeze (actually, literally CUT) her credit cards because that’s what got her in that situation in the first place.

]]> By: Ashley http://moneyning.com/debt/25-debt-reduction-tips-for-your-immediate-action-plan/comment-page-1/#comment-15329 Ashley Thu, 16 Apr 2009 02:39:40 +0000 http://moneyning.com/?p=2760#comment-15329 An Excellent tips. I like #20, Credit cards is not really good. We are in the middle of crisis now, I think it's time to watch our needs, be particular on prices and be reasonable on things that you needs. An Excellent tips. I like #20, Credit cards is not really good. We are in the middle of crisis now, I think it’s time to watch our needs, be particular on prices and be reasonable on things that you needs.

]]> By: Evelyn Guzman http://moneyning.com/debt/25-debt-reduction-tips-for-your-immediate-action-plan/comment-page-1/#comment-15301 Evelyn Guzman Wed, 15 Apr 2009 11:41:24 +0000 http://moneyning.com/?p=2760#comment-15301 Those are all excellent tips that I am sure will help the debtors immensely. This is the first time I have heard about getting a debt reduction buddy and I think it is a brilliant idea. This will motivate each other on their journey together to the land of the debt free. Those are all excellent tips that I am sure will help the debtors immensely. This is the first time I have heard about getting a debt reduction buddy and I think it is a brilliant idea. This will motivate each other on their journey together to the land of the debt free.

]]> By: Horlic http://moneyning.com/debt/25-debt-reduction-tips-for-your-immediate-action-plan/comment-page-1/#comment-15289 Horlic Wed, 15 Apr 2009 03:09:36 +0000 http://moneyning.com/?p=2760#comment-15289 Great advice. It is important to differential the "NEED" and “WANT” items. Don’t simply purchase the items just because you WANT it and you don’t need it. Be a smart consumer and don’t waste any single penny. Great advice. It is important to differential the “NEED” and “WANT” items. Don’t simply purchase the items just because you WANT it and you don’t need it. Be a smart consumer and don’t waste any single penny.

]]> By: Jason Unger http://moneyning.com/debt/25-debt-reduction-tips-for-your-immediate-action-plan/comment-page-1/#comment-15285 Jason Unger Tue, 14 Apr 2009 21:13:36 +0000 http://moneyning.com/?p=2760#comment-15285 Great post -- stumbled! Great post — stumbled!

]]> By: MoneyEnergy http://moneyning.com/debt/25-debt-reduction-tips-for-your-immediate-action-plan/comment-page-1/#comment-15283 MoneyEnergy Tue, 14 Apr 2009 20:57:47 +0000 http://moneyning.com/?p=2760#comment-15283 I really like #17 - I have a tendency to plan for the once a month payment, but you're right, that the interest is calculated based on daily amounts, so the sooner you get it in the better. But I would also add #26, that you need a plan for STAYING out of debt, because otherwise it's so easy to get back into the debt mess. It may take a while to really be completely free of debt - our incomes and expenses need to catch up with our lifestyles, and we need to manage this balance - but we need to start that process first or at the same time as paying off debt. I really like #17 – I have a tendency to plan for the once a month payment, but you’re right, that the interest is calculated based on daily amounts, so the sooner you get it in the better. But I would also add #26, that you need a plan for STAYING out of debt, because otherwise it’s so easy to get back into the debt mess. It may take a while to really be completely free of debt – our incomes and expenses need to catch up with our lifestyles, and we need to manage this balance – but we need to start that process first or at the same time as paying off debt.

]]> By: Craig http://moneyning.com/debt/25-debt-reduction-tips-for-your-immediate-action-plan/comment-page-1/#comment-15282 Craig Tue, 14 Apr 2009 19:32:15 +0000 http://moneyning.com/?p=2760#comment-15282 Motivation is always key, and think it should extend to more than just reducing debt. Even though it's a huge goal, it's still getting rid of something negative, you should also set a positive reward up for yourself so you can budget as well. Motivation is always key, and think it should extend to more than just reducing debt. Even though it’s a huge goal, it’s still getting rid of something negative, you should also set a positive reward up for yourself so you can budget as well.

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