Pay it forward: Attack your debt twice a month

re: Pay it forward: Attack your debt twice a month

diannaTulsa — Wed, 02 Sep 2009 22:47:29 GMT

Great article! Thanks!!

re: Pay it forward: Attack your debt twice a month

Lizzie — Sun, 02 Aug 2009 15:27:17 GMT

It's nice that "Rock Racoon" (sic?) and "dB" care and read about financial issues, but it's absurd that they would like their advice to come from someone less "frumpy"/"dowdy." These people sound like they need things all wrapped up in a pretty bow and are more susceptible to marketing ploys; they probably need financial advice--regardless of who it comes from--more than most of us.

re: Pay it forward: Attack your debt twice a month

dB — Fri, 13 Mar 2009 00:06:46 GMT

I agree with Rock Racoon. I am depressed just by looking at this woman who is working hard but looks and acts so dowdy for someone so young! Please someone help her to perk up a bit-it is certainly not that expensive to own a little makeup.

re: Pay it forward: Attack your debt twice a month

Rock Racoon — Thu, 26 Feb 2009 16:02:13 GMT

I have been hearing about this "Donna Freedman" for several years now, and have been paralleling HER spending [thrifting] habits for MANY years prior to her appearance on the scene. Question is: Can't you find some NICE LOOKING woman {one who KEEPS HERSELF UP} that has the SAME [and better] advice ? Don't you think a better-looking woman could get the message through EVEN BETTER ? ANYONE CAN BE A "PLAIN JANE"...WITH SHORT HAIR AND FRUMPY CLOTHES, and NO makeup; but if you had someone "spiffy" it would REALLY ring true with zillions of other people !!!

re: Pay it forward: Attack your debt twice a month

Kristy — Wed, 02 Apr 2008 15:56:06 GMT

OMG! Where do you live that extraction and dentures costs over EIGHT THOUSAND DOLLARS!?! I paid $500 to have three wisdom teeth pulled - one could probably get a "bulk" discount. I saw billboards while driving from AZ to IL advertising dentures for as low as $500.

re: Pay it forward: Attack your debt twice a month

mary ann Hewitt — Fri, 21 Mar 2008 19:52:38 GMT

In November of 2007 I received my new Car Insurance statement and noticed that I was given a reduction of $57.00 per month, I was shocked as this had never happened before. I than went thru all of my "fixed" monthly bills and soon discovered that I could reduce my phone bill by eliminating some not used features such as Caller ID and 3/way conference calling. This saved $30.00 per month. Also we got rid of the Movie channels, since we rarely watched the movies offered. We are now saving a total of $129.00 per month. This is saving $1548.00 per year.

re: Pay it forward: Attack your debt twice a month

mary ann Hewitt — Fri, 21 Mar 2008 17:11:56 GMT

I needed $8000.00 worth of Dental work and I had no insurance or savings. I responded to a Chase offer of a credit card. 0.00 for 1 year and than 8.99% after that. I only charged $3000.00 on the card and the rest was taken from a HSA account that my husband signed up for. The HSA was pre-tax. I was able to pay it all off in one year. My husband had a Capitol One Credit Card that for no reason increased his interest from 9.90 to 14.99, in August of 2007. I had just received an offer from Citi bank for 0.00 interest for one year and quickly filled out the application and sent it in on the last day of the offer. We have never used these two cards, their purpose is to only pay off the transferred balances. We feel so lucky to have responded to these offers just in time.

re: Pay it forward: Attack your debt twice a month

Tue, 29 Jan 2008 17:43:06 GMT

I saw this on Paidtwice!

My husband was in the Military before I meet him and created a "I deserve it" mentality. I am trying to convince him we should pay twice a month on the remaining balance. Funny thing is has a trouble seeing this a debt! Thank goodness your fiance is able to grasp the money owed as a debt and not a bill- we are still working on this concept!

Congrats on the up coming wedding, sounds like you guys are off to a fruitful, financially responsible marriage!

re: Pay it forward: Attack your debt twice a month

paidtwice — Mon, 28 Jan 2008 14:41:04 GMT

Honestly, it can happen to anyone!

re: Pay it forward: Attack your debt twice a month

Camille — Sat, 26 Jan 2008 23:05:30 GMT

This is a fantastic idea! I can attest to its effectiveness as I used this method to get rid of my student loans (6 years ahead of schedule) and my car loan (1 year ahead of schedule). As you've already pointed out, a debtor incurs less interest by reducing the outstanding principle at every opportunity. Thanks for posting such insightful and useful comments on the Internet. Best wishes to you and your fiance on your upcoming nuptuals!