What is your 2010 financial resolution? How are you planning to achieve it?

October 23rd 2016

Question of the Month

Question of the Month is yet another effort by the Debtcc team to enhance the community knowledge bank. It’s a monthly contest and every month a challenging question will be thrown before the members for responses. The best answer will be chosen collectively at the end of the month by the debtcc members and the admin panel of the site. The winner of this contest will receive a handsome reward of a $50. The purpose behind this idea is to encourage the members to share their real life experiences in dealing with the financial challenges. Though different financial issues are being discussed across the debtcc board, but it doesn’t leave much scope to the members to share their personal experiences. Here is the place where it can be done, and also that the new members can get the innovative ideas to deal with their debts along with the conventional ones.

Latest Question

Question 16: What is your 2010 financial resolution? How are you planning to achieve it?

You may have made a promise to yourself about a certain financial goal that you want to achieve this year. Tell us about your New Year financial resolution and your plans to achieve it.

Winner Post

Trophy iconAnswer 1:My 2010 Financial Resolution is to payoff my PDLs first, by paying them off one at a time during the next 6 months. After that Ill have enough money to make larger monthly payments to my credit cards and medical bills. I have already put together a 6-month budget plan and opened up a savings account. The savings account is for bank overdraft protection which was one of my big problems. The cost will go from $33 each occurrence to $4. My budget plan is situated at my desk, next to my computer so that I see it every day.

Answer Posted by | Linda Russell

The other answers worth mentioning are:

Answer 2:My 2010 financial resolution is to bascially pay everything off my credit that is in the negative, or at least pay something on it. I want to do this because, this time around 2011 I plan on buyin me a house. This is something I should have already started doing, a house should not have to be my reason to want to get my credit back in good standing. My mistake but good credit is something you need to make it in this world today.

Answer Posted by | Monique Thomas

Answer 3:My financial resolution is to finally be debt free or close to it. And be able to concentrate on my school work, instead on how Im going to pay my next credit card bill. I want to finally be able to say that Im a financially responsible individual. Debt has taken a great toll on my life. I suffer from depression and the extra stress that comes with debt and trying to make payments, hasnt made my life any better the past couple of months. I hope I can achieve this and graduate college debt free, so I dont have to worry about anything but the student loans I will need to pay when I graduate in 2012...

Answer Posted by | Dgalvez

Answer 4:FIRST AND FOREMOST:
NOT TO ACQUIRE NEW DEBT !
NOT TO ACQUIRE NEW DEBT !
NOT TO ACQUIRE NEW DEBT !
NOT TO ACQUIRE NEW DEBT !
THEN:
PAY BILLS AS TIMELY AS POSSIBLE !
PAY BILLS AS TIMELY AS POSSIBLE !
PAY BILLS AS TIMELY AS POSSIBLE !
PAY BILLS AS TIMELY AS POSSIBLE !
THEN:
SPEND MONEY WISELY!
SPEND MONEY WISELY!
SPEND MONEY WISELY!
SPEND MONEY WISELY!

That is bascially my 2010 Financial Resolution.
Maybe I can 50 bucks, and spend it wisely... LOL!
Most likely I wont win, but atleast I hope I got my point across!! THANKS!

Answer Posted by | lorim1971

Answer 5:My financial resolution for 2010 is resolve all of my credit card debt. For twenty years, I have always relied on credit cards believing that it was fine to get it now and pay later. Little did I realize that I would still be paying on things that I purchased 10 years ago that I dont even own anymore! Even though we are still carrying a large debt, I feel hope and optimism as I look forward to becoming debt free.

Answer Posted by | tamaramac

Answer 6:I just graduated from college and up to now I still dont have a job.Before I was thinking that looking for a job was easy but it turns out not but I wont stop looking until I have one. Most of the time I ask money from my mom, but recently I stop asking money from her because I got shy, at this moment I feel how hard it is not having your own income, I cant able to go to the town because I dont have money even a single bucks nor buy something to eat. It seems like I cant move because I dont have money, I always caught myself recalling my past when I was still in college, I was very careless when it comes to money, if I receive my allowance, I spend it without thinking of saving,so now I regret it, my ATM runs out of money. So I decided to start saving every single bucks I have in my cabinet and I stop buying things which is not necessary, I control myself on buying foods and just be contented on a 3 times a day meal. Then I plan to go to other place to apply for a job, hopefully I will be hired because i dont know what to do if it keeps going like this.

Answer Posted by | Isabel Loren Guantero

Answer 7:TO pay off all my payday loans and to stay away from them no matter what happens. They are nothing but trouble and costs you mroe money. I resolve to do this by trying to write down the checks and get them to where I can pay them off. I dont want to be in debt to the payday loan people anymore. I cant afford it. I am the only person working in my home of 5 people. Overtime was cut out completly so I am in trouble.

Answer Posted by | CASSANDRA BOHANNON

Answer 8:My 2010 financial resolution would be to get my student loans out of default. Well Ive been trying to make payment arrangements with my loan company for about 7 to 8 monts and they have refused to come up with a resonable payment plan. They took my taxes so Im hoping I will be able to work something out with them now, now that they have recieved a payment of almost two thousand dollars.

Answer Posted by | Megan Matthews

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