Have you killed the debt monster?

Jump to Last Post 1-5 of 5 discussions (6 posts)
  1. Kasman profile image84
    Kasmanposted 5 years ago

    Have you killed the debt monster?

    Is there still debt in your life?

  2. CoffeeandJazz profile image59
    CoffeeandJazzposted 5 years ago

    I never have taken on debt in my life and I never will. I do not owe a penny to anyone, I am as free as a bird.

  3. Paul Maplesden profile image70
    Paul Maplesdenposted 5 years ago

    Yes, apart from the mortgage. It took me a while, I was in my early-mid thirties before I got a job that gave me enough excess income to get rid of my credit card bills and bank loans, but the emotional reality and relief of being debt free is fantastic.

    It's very difficult to be in thrall to another financial institution or person and the idea of having to scrape enough money each month to make repayments and survive is something I wanted to get rid of very quickly. It takes discipline to kill the debt monster, and consumer culture encourages us to buy everything on credit, but a bit of financial planning and prudence now sets us up much better for the future.

  4. ienjoythis profile image79
    ienjoythisposted 5 years ago

    I'm 22 and the debt that I am in is very minimal. I owe a few thousand for college. Since I went to a regional campus of a large university, tuition was inexpensive and grants helped along the way. No car payment, so credit cards, nothing. Just student loans - and they are a fraction of what many college students owe nowadays.

    My advice to young people, don't get in over your heads. Don't go out and buy a brand new car because you just got a degree - degrees don't necessarily mean you'll get a great job. Lively frugally until you can afford "wants". Until then, live simply and enjoy it.

  5. profile image0
    Nancy's Nicheposted 5 years ago

    I am under taking the debt slaughter now --- my New Year’s Resolution.  Here is how I began:

    •List each debt with the total balance due
    •List each debt with the amount of minimum payment due
    • Then divide the total balance due by the minimum payment amount due.
    •This gives a Ratio # Ex, $1,000.00/$35.00=Ratio of 28.57 or 29 rounded up.
    •Take the lower Ratio # first and work your way up the scale. When that is paid off, add that minimum payment amount to the next Ratio #.

    I have a couple of credit cards I will retain for travel & business purposes but my intent is to clear the way for CASH only purchases in the future! Happy New Year!

    1. Paul Maplesden profile image70
      Paul Maplesdenposted 5 years agoin reply to this

      That sounds like an excellent approach - It's always good to take emotion out of these things and deal with them rationally. Good luck to you!


This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

Show Details
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)