eliminate debt Archives -

Yesterday I read a post from NerdWallet’s 2017 American Household Credit Card Debt Study stating that the average American household with credit card debt has a balance of approximately $15,432.

Indebted households pay hundreds in interest each year, and many Americans use credit cards to cover medical expenses.

I am sensitive about my credit card debt because not all of it belongs to me; but as the cardholder, I understand that I am responsible for it.

Since this January 2018, I’ve paid off about $10,000!

If I continue to be successful, this December 2018 I hope to report that I’m completely credit card debt free. Hold me accountable!

I’m learning as much as I can about personal finance, money management, and investing.

If you’re finally able to pay down unwanted debt, please answer these questions first.

I used to sell life insurance in one of those thinly veiled pyramid schemes.

To be fair, I didn’t know what a pyramid scheme was at the time.

To be completely transparent, I never actually sold any insurance.

Way back then, I was too young and too green to be embarrassed about it.

I kept hope alive that that opportunity would work out for me in the end.

It didn’t.

I’d wanted another job on the side, but I hadn’t completely committed to getting rid of my debt.

To date, I have (1) credit card debt + (2) a car note + (3) and student loans.
Since I’ll be paying student loans off forever, I’m pretending that I’ll be “debt free” once #1 and #2 are done.

Don’t judge me.

eliminate debt

7 Questions You Must Answer Before You Can Eliminate Credit Card Debt

5 Things To Consider Once You Commit To Eliminating Debt