From the monthly archives:
Angy asked: Without even going into my student debt loan and just credit cards, I’m sitting on about $8,000 in credit card debt. (I just paid off my tiny $500 card a few days ago). I would love to be able to do what you do and pay it down, but I feel like I [...]
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Cora asked: Do your co-workers know you’re in debt? I feel guilty for going out for lunch with co-workers because I could be saving that money; however, I feel silly for fibbing about the constant brown-bagging. I don’t want to explain my situation because it’s A) embarrassing I got myself in this mess and B) I [...]
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Miranda asked: Aside from “not getting into debt in the first place,” is there anything you would have done differently on this journey to get out of debt? The simple answer is that I wouldn’t do anything differently. For all the mistakes I made getting myself into debt (and it was several mistakes and not [...]
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Pham asked: At what point in your growing debt did you decide to ignore it? My first reaction was to say that I never decided to ignore my debt, but maybe that’s not true. I moved to California with only what I could fit into my Civic. I didn’t have any furniture or really anything [...]
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Laura asked, regarding my student loans, “maybe I missed it in the beginning but I’m not sure if you’ve ever said how much those amount to? And after the credit card debt is gone will that be documented here or what are your plans for how to tackle those?” You did not miss it. I [...]
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LizSara asked: How do you decide which things you want are necessary (like cell phone) and which are luxuries that you won’t buy until you are out of debt? I decided at the very beginning to hold onto three luxuries: living alone (it would obviously be cheaper to have a roommate), keeping my iPhone (I [...]
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Scott Perez-Fox asked: I’m curious how you got into debt. Did you buy hard goods like stereos and fancy shoes, or were you _that_ broke during college that you simply were forced to buy groceries, books, etc. on credit. I know that many landlords don’t take credit cards (nor do student loan organisations), which are [...]
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