http://www.mmhabits.com/what-is-too-much-debt/ To Achieve... To Succeeed... Sun, 05 Feb 2012 13:53:36 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.mmhabits.com/what-is-too-much-debt/comment-page-1/#comment-7469 Elisa@Thrive Fri, 16 Jan 2009 17:59:06 +0000 http://www.mmhabits.com/?p=773#comment-7469 Once you make the commitment to get out of debt you need to- 1. Set monthly spending limits and track your spending habits 2. Pay off your debt with the highest interest rate 3. Negotiate lower interest rates or switch credit card accounts (be sure to review new rates closely, to see if there are hidden fees) 4. Enjoy the knowledge that you are working towards financial independence. The most important thing is that you face your debt and decide to do something about it. Once you make this decision, you'll feel more in control. Good luck! Once you make the commitment to get out of debt you need to- 1. Set
monthly spending limits and track your spending habits 2. Pay off
your debt with the highest interest rate 3. Negotiate lower
interest rates or switch credit card accounts (be sure to review
new rates closely, to see if there are hidden fees) 4. Enjoy the
knowledge that you are working towards financial independence. The
most important thing is that you face your debt and decide to do
something about it. Once you make this decision, you’ll feel more
in control. Good luck!

]]> http://www.mmhabits.com/what-is-too-much-debt/comment-page-1/#comment-6976 Ron@TheWisdomJournal Mon, 05 Jan 2009 21:44:40 +0000 http://www.mmhabits.com/?p=773#comment-6976 "The simple answer is, when your expenses exceed your income." AKA Bankruptcy. By that definition, the US has been bankrupt for several decades ... and so have many of its citizens. Last time I saw numbers on it, the average American spends 103 percent of his or her income. “The simple answer is, when your expenses exceed your income.” AKA
Bankruptcy. By that definition, the US has been bankrupt for
several decades … and so have many of its citizens. Last time I
saw numbers on it, the average American spends 103 percent of his
or her income.

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