Project 2011

Look at my sidebar on the right--------->

Project 2011.  This is my debt reduction goal for next year.  This is not one specific thing, this is my total goal, and this does not include regular monthly payments.  This is over and above that, principal debt payments.

Do you have debt reduction goals?  How much?

PAID OFF!

Hey! Look to the right!  As of today, ourtruck is paid off!  Next one up, the car, followed by the computers, followed by the boat!!!  Of course I will eventually change the boat from years to dollars, but it's embarrassing!

On a motivational note, if you have a 'pay off list' or 'debt snowball' that you're working on paying off, please post it somewhere that you will see it everyday to remind yourself of your goals!

Credit Card Bonuses

Okay - there are some that like the little bonuses you get with credit cards like sign-on points, purchase points, airline miles, gift certificates, etc.  These are nice and they can save you money.

But. . . . . if you are trying to get out of debt, that means you already have a problem with debt and self-control when it comes to money and getting another card or putting everyday things on a card 'just for the rewards' becomes self-defeating.  You adding to your debt just so you can keep trying to pay it off and all of that hassle is just for 'the free stuff' that may or may not even be useful -

If your debt is under control - of course if you have debt then by virtue of having it means it is not completely under control - then go for the points, but beware of being beholden to a company for 'stuff'.

When you are in debt to someone, you are then under their control in one form or another - always beware of that fact.