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Out of debt in 4 years

Discussion in 'Money & Finance Forum' started by Thelt, Apr 16, 2008.

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  1. Apr 17, 2008 at 6:05 PM #11
    Thelt

    Thelt Full Access Member

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    I ended up putting it on the credit card. My wife changed jobs and the new insurance has not kicked in yet. The Cobra would cost more than the medical bills. If I paid it up front I got a 30% discount on the cost from the hospital.

    I may go to the envelope system. I think using a debit card is part of my problems, it is too easy to spend that way.
     
  2. Apr 17, 2008 at 6:20 PM #12
    wolfpac

    wolfpac Full Access Member

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    The envelope system really helped us. We just agreed that no money means no eating out. No money means no more Costco shopping, clothes, etc. BTW, a Dunn and Bradstreet study showed that people will spend more using plastic (Debit or Credit) than cash. I want to say it was like 12-18% more or somewhere along those lines.
     
    Last edited: Apr 17, 2008
  3. Apr 18, 2008 at 11:47 AM #13
    Thelt

    Thelt Full Access Member

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    A few years back when I did not have a debit card I seemed to be able to handle my money much better. I could pay off debts and save too. I am going to think hard about going back to that system.
     
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