How do you plan to pay off your debt?

[oldbuddy]

covid19 was the reason i dragged myself into a lot of debt, i used all my credit card and it took 2 years for me to paid all of my debt, lucky me, now i am debt free and now i wanna do this kind of online job to make an extra money

I was lucky I had good insurance when I had Covid and Pnumonia at the same time.

 

[IB D]

The thing I would do if I am owing woujd be to set aside 10% of my income to clearing that debt. I am sure if I do that consistently, I would finish it before the blinking of an eye.

 

[RicAngelo]

Glad to know that you have such a good insurance @oldbuddy and youre good now, right? and i was so relieve knowing that now i am debt free, now i can focus earning extra money here and there LOL

 

[Springtime]

I don't borrow money except that I use credit card to pay for my purchase because of the cash back benefit. I don't have to pay any annual fee for my credit card and I always pay my credit card bill on time to avoid paying any interest or penalty.

 

[Enxx]

I paid off all my debt when I retired, then I sold my house and bought a smaller one for cash and put $25,000 in savings for future emergencies.

It is a nice step you made to have sold your big house and buy a small one. I know someone that did likewise and I asked him why, and he said because the maintenance of a big house is big. And now having a small house saved you lots of money.

 

[Passiveearner]

Well, I do not have any kind of debts right now. However, if i ever get into debt, then i would certainly try my best to make it possible to pay off the debt as soon as possible.

 

[Ratine]

I have really planned to pay off my debt little by little until l am done with that.