There is an excellent book called The Richest Man in Babylon that gives advice on how to handle money. I have to lived by the rules for very long time and it has served me well.
Basic rules: 10% of your income to your my debt 10% to savings There are some good programs that will let you consolidate your student loans at a reduced interest rate as well. Unless you can sell your car for enough to pay off the loan, you're better off keeping it. No point in having the debt without having the car. On Fri, Mar 18, 2011 at 4:38 PM, Justin Scott <leviat...@darktech.org> wrote: > > I've finally decided that I've had it with being in debt and trying to > do whatever I can to get rid of it. Selling books, cutting the family > budget with a chainsaw, putting all expenditures under the microscope, > and even selling the car that I'll be making payments on until the end > of time unless I do something about it. Our debt is a mix of one car > payment, one credit card, and lots and lots of students (no house > though, we're renting for now), but it's over $80k in total. Any debt > war stories to get me pumped? Any suggestions on interesting ways > others have cut back? > > > -Justin > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:335347 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm