Trying to break free

Dear Megan,

I am Vikas, Welcome to the forums. 6000 worth of debt can be paid with ease; a little simple calculation is required.

Calculate your total monthly expenses (including debt payments): X
Calculate your total monthly income: Y

Y-X will give your monthly dispensable income, which you can use to speed up your debt payments. If the monthly dispensable income is not enough to pay off debts then try negotiating with your creditors for a deal with reduced amount, lower interest rate.

Try and make a Self Repayment Plan , for more information please check the article.

Vikas

Great method, Vikas!

I, too, am $6000 in debt, which comparitively isn't TOO bad and with methods such as this and consolidation, can be paid off in no time...and hopefully not repeated! ;-)

Living on cash and throwing off the plastic money is the perfect solution in order to maintain the individual budget system

Whenever I cash my paycheck, I make piles: food, bills (individual piles), gas, and maybe a small pile for recreation. This is an organized way to establish set dollar amounts for each bill.

Don't put off what can't wait!