Re: Paying off Debts
Lisa, here's a quote from Candice Watters,
Stop Digging. You'll never get out of the hole you're in if you're still making it deeper. You have to stop taking on student loans (and any other debt). If you still have unpaid semesters to go, take a break from your studies to earn enough money to pay for what remains. Pay-as-you-go from here out.
This may seem radical, however you are never going to get out of this mess, if you keep charging.... adding onto the debt. It's like treading water. I understand I'm not telling you anything you don't already know...
Getting out of this debt is like losing weight, you have to get that first 5 pounds during those 1st two weeks to get PUMPED!
Knock out the smallest one, then tackle C and then # 2. I know what I'm talking about, we've paid off $111,000 worth of debts, in a little over 2.5 years, and we didn't get anywhere when we started paying off the highest interest rate ones.... you don't get that first WIN, to really get you motivated to clear the rest...
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