Quote:
Originally Posted by Mathguy
Cut expenses, then cut them again....no eating out, no cigarettes or liquor, no new stuff....basically spend NOTHING. Generate extra income anyway you can, 2nd job, sell plasma etc.
Then pay it off as fast as possible and don't do it again.
If it's truly enormous then consider bankruptcy but do the above anyway for a couple months so you learn a lesson and save up some $$$.
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The reality of this situation is that anyone who smokes is not going to cut out their cigarettes unless they truly want to quit smoking. You have to be real about what can and will be cut.
Sneakers and I have been following Dave Ramsey's plan for 4 years now and we have gone from $100,000.00 to $40,000.00 in that time frame. We still eat out but not very often, we travel for family gatherings, I am a smoker and I still buy a carton of cigarettes every 10 days and we still get items that are new however, they are only items that are needed, nothing more.
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