It was 2 years ago that I was over my head in debt. That’s when I started this blog in my quest to get rid of  debt. Initially, I wasn’t off to a good start because the approach I first tried failed. That changed when months later I took a different direction.

Basically what I was trying to achieve is a blog where I could brainstorm and post what I was doing to reduce my debt that would also be helpful for others to reduce and get rid of debt too. I started by accepting donations on the site but that aspect didn’t work out and was scrapped because most of the people who were visiting my site were also in the same boat so hardly in a position to help anyone else out. And really when you think about it, no one should expect anyone else to bail them out and just take action in getting rid of their debt.  The reality is there is no overnight solution and it’s going to take time to eliminate it. Read more »

Dealing with debt is no fun at all when you are desperately trying to keep up to all the bills. Wouldn’t it be a big relief if it could just disappear and you can be debt-free once and for all? The only problem is once it has accumulated to a point where you are drowning in it, there isn’t an easy  solution to get rid of it. Debt has a tendency to have a snowball effect and you can end up with more than you can afford and handle. And without enough money to pay it out, your next best option is to get the debt under control. Read more »

Maybe I’ve had this wrong all along, that having a large amount of debt means you have a debt problem. The light bulb has finally come on, and what is absolutely clear is that a debt problem isn’t necessarily based on the size of your debt. Whether you charge a dollar or thousands of dollars on your credit card, if you can’t pay the full balance off when the bill arrives at the end of the month, then you are on your way to a debt problem. Why? Because carrying a credit card balance often leads to a bad situation due to high interest credit cards. And even if they are low interest credit cards, many times the credit cards are used for necessities and this in itself makes it a bad type of debt especially if you can’t pay off the balance. So by running a credit balance it would stand to reason that you have a debt problem, which means you are living beyond your means. Read more »

A new report suggests that the amount of savings held by Scottish residents to see them through tough times is ‘worryingly low’, Scotland on Sunday reports. Read more »