What do I do next?
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What do I do next?
| Sat, 04-19-2008 - 1:54am |
Hi everyone, sorry I haven't posted for ages! We had the net d\c for awhile and now I'm back online. We finally sat down and added up our debt and it so far not that big it $5023. I have already paid off $154 so far and that not much!
I don't know what to do next after working out how much debt we in and what do we do next! We want to be debt free before TTC. Exception of when we buy this house we living in!



Hi!
I am fairly new here, but my family has been in the "paying off our debt" phase for the last 10 months! So I have a little experience:) Luckily, your debt is not huge and you guys should be able to pay it off rather quickly!
Do you have any money in savings? If not, I would suggest saving up for an emergency fund, $1000 is usually the recommended amount. This allows you to be able to deal with any emergencies that come up, like the car breaking down or an expensive trip to the dentist!
Then your next step would be to get yourselves on a written budget, allow for all of the necessities and then any extra money goes toward your debt. We started with our lowest debt amount first and worked on paying them off one at a time. (daveramsey.com has some free budgeting forms in the Useful Tools Section)
It's such a great feeling when you can get those naggy little bills paid! And then you start on the larger ones, every extra amount you can put toward your debt will help.
Then you will be debt free except for your house!
Good luck!
Tashia
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