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when did u realized you are in debt?

how did u change it? How did you get out of debt? love to hear how you got out of debt, or stop charging..

Answer Question

Asked by Anonymous at 12:36 AM on Jan. 8, 2010 in Money & Work

Answers (5)
  • When we had to borrow money from my parents to pay the electricity bill, could not pay rent, car had been put up for repossession (they have yet to come get it) and we had to move in with my parents!

    Answer by Anonymous at 12:38 AM on Jan. 8, 2010

  • the very first time I had to finance something. I believe it was a car. I hate debt. These days we don't use credit cards. We don't buy anything unless we have cash to pay for it. We don't owe anyone. They are all paid off. We even paid for my son's delivery in advance so that we wouldn't have to worry about the bills afterwards. The easy part of that is you get 9 months notice that you'll have the bill.

    Answer by always_chris at 1:06 AM on Jan. 8, 2010

  • When I had to first pay monthly insatllements.

    Answer by Anonymous at 4:10 PM on Jan. 8, 2010

  • It wasn't until I joined the Dave Ramsey group on Cafemom and decided I wanted one of those debt tickers that everyone else had. I thought we had about $8000 in student loans. Nothing bad. In order to create the ticker I had to know how much we owed so I added it up. Low and behold it was over $16,000 on who knows what!

    Long story short we've started paying cash for school, and paying off debt at the same time. We've paid off over $6,000 an hope to be debt free in about six months.

    Answer by Anonymous at 6:41 PM on Jan. 8, 2010

  • when we realized we didn't have enough money to pay bills! some good advice don't ever under any circumstances get payday loans they will come back and bite you in the butt they are the stupidest thing you could ever do I've paid them all off and now I feel like free and have all the money I need to pay the important stuff

    Answer by Anonymous at 11:00 AM on Jan. 9, 2010

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