Debt Reduction

New Debt Settlement Agency Rules Go Into Effect on 10/27/10

October 11, 2010

Debt settlement agencies, debt relief companies, debt negotiators – whatever you call them I’ve heard more bad then good about these businesses. Often times consumers that are struggling financially feel that they have nowhere to turn and see hope in the sales pitch. “If you have more than $10,000 of credit card debt, we can [...]

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October 2 – Baby Step 2 Update

October 2, 2010

We’re still moving along with BS2. Our progress is going to slow down a little bit as we have a need to save up $7,500 by mid-December. Right now we’re at $1,000/$7,500 (not counting our BEF). Here’s our updated BS2 data: January 1, 2010 – $70,744.32 (I admit to having this number memorized) January 31, [...]

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The Blessings Continue – A Raise, a Stock Award and a New Writing Gig

September 21, 2010

We are still in the middle of our debt snowball and the blessings continue to come in. During the past week my husband was notified that he would be receiving a 5% bump in his annual pay. That is great news – another $350 or so per month, after taxes, to go to our snowball. [...]

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September 1 – Baby Step 2 Update

September 1, 2010

The beginning of September is here, which means now it is time for me to post my Baby Step 2 progress update. August was a weird month because it was the first calendar month in the new fiscal year at my husband’s company and so we weren’t sure when and how certain commissions and bonuses [...]

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Today is National Second Hand Wardrobe Day

August 25, 2010

Resale stores are a great way for you to save money on your clothing budget, especially when you are trying to get out of debt. Did you know that there is a day designated to raise awareness about second hand clothing? I didn’t. However, today is National Second Hand Wardrobe Day. That’s right, a day [...]

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July 31 – Baby Step 2 Update

August 12, 2010

Okay I realize that today is August 12 and not July 31 but I did update my Baby Step 2 progress on July 31, I just forgot to post a blog entry. We’re working on transitioning back into the school year and after school activities so the update just slipped my mind. January 1, 2010 [...]

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