Budget Budge-it Budget

[Kevy Baby]

Originally Posted by Gemini Cricket

I think the thing that gets me hung up is the huge balance on my big credit card and my car loan. I don't see it being whittled down fast enough so I panic or tend to give up. Lacking the patience to see the balance go away is a downfall of mine.

I have mentioned this before, but this is a good time to bring it up again.

Susan and I were faced with a fairly large amount of debt because of credit cards and student loans (mostly the former). We worked with Springboard, a non-profit consumer credit management outfit. We worked with them to secure reduced or zero interest on all of our credit cards and worked out a payment plan and they can help you budget as well. They have an office in Santa Ana.

We were able to pay off about $27,000 in unsecured debt in about 4-1/2 years. If you CC debt is under a couple of thousand, it probably is not a good solution - just budgeting is fine. I just wanted to mention our experience.