Comments on: How The Budget Fashionista Got Out of Debt

By: TBF

TBF — Sat, 19 May 2012 03:28:52 +0000

It is amazing how much you save by using one car (just think about how much you use in gas). It’s hard to really, really think about what makes you happy in life, it’s much easier to go for instant gratification ( I still slip myself).

By: TBF

TBF — Sat, 19 May 2012 03:27:18 +0000

Itunes and other micropayment sites are SUCH a killer. you have to be so careful about that.

By: Corri

Corri — Fri, 18 May 2012 22:15:14 +0000

This was helpful. The willingness to live with one car is a big one. I am hoping that my partner will consider this. I have a problem at 40-something living with the idea that I am not supposed to have exactly what I deserve . I’m trying to pay back debt for the 3rd time. You would have thought that I would have learned the first two times I was in debt.

By: Edith Scheie

Edith Scheie — Fri, 18 May 2012 20:37:40 +0000

This is great advice, and I have to tell it was really what I needed to hear today! I have The Budget Fashionista’s book, and I’ve been trying to live debt free, but something always seems to trip me up, mainly living beyond my means, and spending too much on “wants” that seem like “needs” (iTunes, anyone?). I joke with my friends that my life story could be titled, “Heiress to Bare-A$$ in 3 (Not So) Easy Years.”

By: Pauline

Pauline — Tue, 06 Dec 2011 01:52:11 +0000

I live in Europe where credit card use is much less the standard that it seems to be in the US. Why spend money you don’t actually have? How can buying something like that ever feel good? I’m 31, I’ve never been into debt and I have a nice little savings account. I buy my clothes from normal, quite low-budget retailers, and then mostly on sale. If you know what to look for, there’s always good items to be found amidst the lower quality stuff (I recently bagged a woollen coat for just 25 euros). I buy my furniture and decorative items for my -small, cheap, but very cosy- apartment mostly from auction sites and charity shops. I never liked the modern Ikea-style anyway, and I like to give my own twist to things so 2nd hand will do fine for me. You wouldn’t believe the bargains I’ve found online, from a brand new sofa for only 50 euro’s to handmade hardwood furniture like teak tables, wardrobes and handcarved chairs. Quality stuff for mostly less then a quarter of the original retail value.

Just be creative (sew your own pillow-cases, or rev up a piece of 2nd hand furniture with a bit of paint or some new handles), use the internet to look for bargains, learn to love the simple life and the little things that are free, and DON’T use any creditcards! Ever!

By: Hareiana

Hareiana — Thu, 19 May 2011 18:49:25 +0000

For those not wanting to give out personal identity and access to bank accounts while realizing the power of personal budgeting and smart money management with the ease and convenience of an online web app, Out Of The Dark (OOTD) Budgeting is one little website gem to check out. In addition to side by side budgeting and cash tracking, you can manage monthly put-aside amounts, transaction accounts for loans, credit card debt management and personal assets tracking, all for free on the web in total anonymity. Google OOTD Budgeting or go to myootd.org.

By: Unemployed with MS

Unemployed with MS — Wed, 26 Jan 2011 23:43:46 +0000

I have been divorced for over 12 years. It was the best thing that could have happened to me financially. I was flush, even, no consumer debt. Then I fell back into the same bad habbits of buying what my kids wanted. I guess I have trouble saying no to them. My dad tells me that I am a push over. (I now understand why my mom never tried to take us with her when she shopped)I lost my job and had to put things on credit card. I became reemployed and cut up the credit cards. I again got on the stick and had no consumer debt. At the age of 50 I lost my job and got Multiple Sclerosis so again I find my self in credit card debt. I have yet to go into remission. My unemployment benefits are due to run out this months, which was how I was paying for the expensive medication. Without insurance it would be 3700 per month. I worked with the company to get them to pay the 800 copay per month. The worst part about the disease is the uncertainty. I want to work but find it difficult to walk fast or far. I have been told that Disability will take 2 years and everyone is denied the first time around. I have been making my house payment to date. So I know how to get out of debt if I have a job. But how do you do it if you don’t have a job? I am certain the situation will resolve itself. I would like ideas of how others have done it. Thank you and God bless. Worried in Iowa.

By: Amy

Amy — Tue, 25 Jan 2011 13:45:53 +0000

Awesome post! I got out of debt last year and it is such freedom to not be in bondage to lenders! I have completely stopped using credit cards and I don’t want any type of financing, especially for things that I should be saving up to pay for. Dave Ramsey has some great books as well on this topic. You should check him out!

By: Tweets that mention How the Budget Fashionista Got Out of Debt -- Topsy.com

Tweets that mention How the Budget Fashionista Got Out of Debt -- Topsy.com — Mon, 24 Jan 2011 17:56:02 +0000

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By: Dale

Dale — Tue, 17 Aug 2010 11:11:05 +0000

Actually, in this economy, ALL debt is pretty much ‘bad’ debt. With credit card companies and banks sneaking in fees on the most mundane transactions even a mortgage has become a cash cow for lending institutions.

There are some institutions that box you in for paying by phone or online – they’ll only ‘let’ you pay for free by check through the mail. Then they can claim your payment is past the deadline! Be extremely careful with this!

I rent and was told I could pay rent with my rewards debit card. Sure – if I wanted to pay a $40.00/mo. fee along with the inflated rent! Watch your backs, people!