Going on a debt diet
My inbox is filled with supposedly fail-proof ways to do one or the other, or both. Some of my friends of mine are struggling with these issues, and some of them are truly determined. Are they morons for not making it happen, since it's soooo easy?
I don't think so.
For one thing, life happens. Uncontrollable things. I had my pay cut significantly a while back. I'm lucky to still have health insurance, but despite that, I just got an $850 bill -- my portion of a recent doctor visit. (The scary part is the original charge was more than $7,000.) When I paid, the woman asked me if I was sure I wanted to pay in full -- on my credit card. I said yes, knowing I wasn't close to my limit, assuming it would get me a handy amount of points or cash, and because I'll be continuing my tradition of paying off my bill every month.
I'm well aware that this is not reality for most people. And it's not because they don't have the discipline or will to keep on top of their finances.
But I'm curious if you've ever used one of those get-rid-of-debt-quick deals and if it's worked. Or if it's been a disaster.
Send me your stories, and I'll mail you a copy of one of the dozen books on my desk that promise to get you out of debt.
Not necessarily easily, or fast.