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Money and Finances
Reply to "Earning Well but Drowning in Debt...how to dig out?"
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[quote=Anonymous]Stop the spending now. I bet you have plenty of stuff in your house. Every time you buy something-even on sale, add the % of the highest debt to it. That's what you are really paying for the bottle of water for example plus the interest will earn interest next month. Please don't spend any money on a person. You need to do it yourself and educate yourself about personal finance. Right down all your debts, income and spending. When will the car payment fall off? I know you are not going to get rid of the cars, but don't spend the extra money opening up soon. It should go towards debt. Right all up. Then see what you can lower or get rid of to balance the balance sheet. What activities do they need if they are in daycare? You should be working on figuring out your income and expenses and not taking them anywhere. The sooner you take your situation seriously the easier it will be.[/quote]
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