No Debt Is Equal
Time flies really quickly this year, and as much as I procrastinate and try to slow things down a bit, it’s one day to the end of 2007.
As usual with the new year ushering in, people will start asking, what’s your new year resolution? Some people would like to lose weight, change to a newer and better car, getting married, have children perhaps.
Mine would be to reduce my debt as much as possible by any means including the option such as debt consolidation or refinancing. Just as the website mentions, no debt is created equal therefore I need to get to know what kind of debt I have tangled myself into and what is the best solution to get out of it. And I totally agree with what they are saying : The longer you stay in debt the more debt you will acquire. Yes, who can deny the rising effect of the finance charges and the imposed amount of late payment charges.
I envy those with debt-free living. Sometimes when I look at the amount of paycheck every month, I wish that 80% of it shouldn’t go to paying off debt but what to do, things are already done and messed up and now I must take the consequences.
Oh, I have to promise myself that as long I am still in debt, I shouldn’t add on additional debt into that list of things to be paid. Whatever major buying decisions have to be put off until I get through my 2008 resolution first!
31 Dec 2007 ireview 0 comments




iReview