+ Reply to Thread
Results 1 to 6 of 6
  1. #1
    Join Date
    May 2011
    Posts
    103
    Thanks
    6
    Thanked
    11
    Reviews
    0

    Default encourage me out of debt

    Hi all

    Really just a call out to anyone who has ever had credit card debt, and happy enough to share on here ... we have a substantial amount that has grown for various reasons

    It would be good to hear from others that it is possible to pay them off! What worked for you to help battle it etc

  2. #2
    Join Date
    Feb 2009
    Location
    Country WA
    Posts
    6,787
    Thanks
    3,405
    Thanked
    3,181
    Reviews
    13
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 posts
    See if you can get a personal loan. The interest rate would be a lot smaller and more manageable. And cut up the cards!

  3. #3
    Join Date
    Feb 2009
    Location
    my house
    Posts
    17,917
    Thanks
    1,414
    Thanked
    7,566
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 postsRuby Star - 15,000 posts

    Default encourage me out of debt

    Whilst we don't have any credit card debt, my advice to you would be to see if you can transfer your debt to a 0% credit card (some do an introductory offer) and then set up a direct debit to pay it off. And cut the thing up once it arrives!

  4. #4
    Join Date
    Jan 2007
    Posts
    32,362
    Thanks
    122
    Thanked
    497
    Reviews
    9
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 postsRuby Star - 15,000 postsDiamond Star - 20,000 posts
    I transferred to a interest free credit card (specifically for credit transfers) with a well known bank and managed to pay it off quick smart without half my payments getting chewed up in interest.

    Watching the balance go down kept me motivated.

  5. #5
    Join Date
    Oct 2007
    Posts
    22,972
    Thanks
    6,263
    Thanked
    17,185
    Reviews
    10
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 postsRuby Star - 15,000 postsDiamond Star - 20,000 posts
    Awards:
    Bubhub Blogger - Thanks100 Posts in a week
    Years ago, before kids we racked up a credit card and GE card (those things are the devil). There was no secret tips for us. We reigned the spending right in and cut up the cards. We got everything direct debit like electricity etc. And we piled every cent we had left onto the cards. We are now in a good cycle where we pay for everything with cash, no credit.

    Bottom line. Live within your means, cut every single non essential thing out of the budget and pay it off. Once you start, the interest drops, and you eat more and more into the principal.

  6. #6
    bunkx's Avatar
    bunkx is offline Being happy doesn't mean that everything is perfect. It means that you've decided to look beyond the imperfections
    Join Date
    Feb 2009
    Location
    The Hills WA
    Posts
    6,575
    Thanks
    565
    Thanked
    1,252
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 posts
    I have a small credit card debt at the moment
    I decided on a realistic timeframe to pay it off worked out my monthly payments then added a little more to it :-) plus at the end of the month pay what extra i have towards the debt.

    I absolutely love spending money but seeing the debt go down is a pretty awesome feeling :-)

    not being unrealistic and still allowing yourself some spending money (not planning on putting all your extra money on the debt helps


 

Similar Threads

  1. Trying to encourage breastfeeding
    By nh2489 in forum Breastfeeding Support
    Replies: 4
    Last Post: 26-10-2015, 12:01
  2. Can I encourage ds to walk in anyway?
    By monnie24 in forum General Chat
    Replies: 5
    Last Post: 15-05-2015, 22:13
  3. How do I encourage good sleeping habits?
    By mummyChubbles in forum General Sleeping & Settling Chat
    Replies: 5
    Last Post: 31-03-2015, 13:15

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
free weekly newsletters | sign up now!
who are these people who write great posts? meet our hubbub authors!
Learn how you can contribute to the hubbub!

reviews
learn how you can become a reviewer!

competitions

forum - chatting now
sales & new stuffsee all
Bub Hub Sales Listing
HAVING A SALE? Let parents know about it with a Bub Hub Sales listing. Listings are featured on our well trafficked Sales Page + selected randomly to appear on EVERY page
featured supporter
Pea Pods Reusable Nappies
Pea Pods are the smart choice when it comes to choosing what's best for you, your baby and the environment. Affordable and simple to use, Pea Pods keep your baby dry & happy. Visit our website to find your nearest stockist or order online.
gotcha
X

Pregnant for the first-time?

Not sure where to start? We can help!

Our Insider Programs for pregnancy first-timers will lead you step-by-step through the 14 Pregnancy Must Dos!