From the category archives:

Question and Answer

Laura asked: I think you mentioned before that your family doesn’t know about your debt right? Do you think you’ll tell them at any point, or when you’re out of debt all the way? I have a vivid imagination and I’ve definitely pictured a scene where I’m sitting around a table with my family and [...]

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Janalyn asked: I think we have some similar ideas, but my life is kind of opposite: I’m a married 20-something done with school (thankfully with only a few thousand in student loans), with 2 car payments and now a mortgage. We only have huge pieces of debt (2 cars totaling about $22K, $6K left in [...]

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Stephany asked: For someone who is currently in debt now, what advice can you give to someone who wants to start taking control over her debt? I don’t have the finances to put a huge amount towards my bill every month but do want to take control in some way. I recommend Dave Ramsey’s debt [...]

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Jack asked: How do you have time to work so much and get any research done? In my program at least, grad school is all about the research and coursework is just an annoyance. I can’t imagine working 20+ hours a week and having the time to do 40+ hours a week of research. Well, [...]

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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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Do Your Coworkers Know You’re In Debt?

by Ashley on August 7, 2010

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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Would You Do Anything Differently?

by Ashley on August 6, 2010

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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When Did You Decide to Ignore Your Debt?

by Ashley on August 5, 2010

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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What About Your Student Loans?

by Ashley on August 4, 2010

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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How Do You Decide What to Spend Money On?

by Ashley on August 3, 2010

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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