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Things You Have Learned About Debt

UserPost

5:37 am
April 11, 2013


jaicatalano

New York

Member

posts 846

I thought all about debt when I was in deep. It consumed my life. I learned a few great lessons. Some I would have rather not experienced but nevertheless I learned them. 

 

I would love to hear what you learned about debt. The good bad and the ugly. This is what I have learned

5:58 am
April 11, 2013


Greg @ ThriftGenuity

Member

posts 61

Hey Jai,

 

I commented on your page.  Thanks!

 

Greg

7:24 am
April 21, 2013


BudgetBlonde

Member

posts 14

jaicatalano said:

I thought all about debt when I was in deep. It consumed my life. I learned a few great lessons. Some I would have rather not experienced but nevertheless I learned them. 

 

I would love to hear what you learned about debt. The good bad and the ugly. This is what I have learned

Well, I'm still in debt. We paid off our credit cards, but our school debt is out of control and still growing due to my husband's chosen career path. I've learned that you don't need as many loans as you think. I've learned I can live my life without a car, smart phone, and fancy dinners out. I've also learned that debt doesn't feel as heavy or controlling as long as you are living a frugal life and trying your best to combat it one step at a time. :)

Cat Alford – Blogger @ BudgetBlonde.com

Personal Finance Freelance Writer – Available for Hire

E-mail me: Cat@BudgetBlonde.com

Tweet me, Like My Fan Page, or get all the latest BudgetBlonde news in your inbox. :)

9:29 pm
April 21, 2013


Lindsey @ Sense & Sensibility

Calgary, Alberta

Member

posts 17

Hey there

    I've never been a big credit card person but when I get on a roll, look out! As it stands, we have about $13,000 in credit card debt (I am literally cringing as I write this) and I have about $30,000 in student loan debt. It's not a pretty picture but I have made a lot of progress towards paying off these things (my debt was $50,000 in student loans). 

    One of the most important things I've learned is that small amounts can still lead to big differences after a couple months or a couple years. I had to learn patience and appreciate the contributions I could make at the time.

Thanks!

Lindsey

Lindsey @ Cents & Sensibility

Write me on Email

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7:00 am
April 22, 2013


jaicatalano

New York

Member

posts 846

Lindsey @ Cents & Sensibility said:

Hey there

    I've never been a big credit card person but when I get on a roll, look out! As it stands, we have about $13,000 in credit card debt (I am literally cringing as I write this) and I have about $30,000 in student loan debt. It's not a pretty picture but I have made a lot of progress towards paying off these things (my debt was $50,000 in student loans). 

    One of the most important things I've learned is that small amounts can still lead to big differences after a couple months or a couple years. I had to learn patience and appreciate the contributions I could make at the time.

Thanks!

Lindsey

You first line is classic. I can just see it. Ahhh credit. Watch out! Smile

11:51 am
June 20, 2013


bobrichards

Member

posts 10

Good debt and bad debt.

My post on this

http://retirement-income.net/b…..test-idea/

4:51 pm
September 30, 2013


Eve of Reduction

Buffalo, NY

Member

posts 46

I've leaned that I don't have to accept it; I don't have to have a 30 year mortgage. And paying off debt is an excuse to not go blow money (limo wine tour, spa day) because that's what your friends/family are doing.

Sorry. Not me. I won't be joining you.

Cristin Frank
Founder of Eve of Reduction - Where Reducers are Producers - Reduction Rebels, let's save money by being clever, resourceful and creative. Before we open our wallets, we open our minds.
Author of Living Simple, Free & Happy: How to Simplify, Declutter Your Home, and Reduce Stress, Debt & Waste
Like us on Facebook and Pinterest
Twitter: @cristinfrank

5:03 pm
September 30, 2013


brian_debtdiscipline

NY

Member

posts 113

I learned I wish I would have learned to get out of debt 20 years ago! :)

5:21 am
October 1, 2013


John @ DebtAdviceResource

Member

posts 104

Commented on your page. I think debt teaches you to appreciate what you have. Although it can be really frightening too.

John "The Bankruptcy Guy"

 

Visit my website: http://www.debtadviceresource.com

Follow my Facebook: Debt Advice Resource

Tweet with me: http://twitter.com/DebtAdviceRes


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