“Dear Steve,
Hi Steve, I am currently in a great amount of debt roughly $50,000 between an equity loan and credit cards, Although im keeping up with pmts Im not really paying down the principal on the equity loan, and trying to keep up with other credit card pmts which leave me with little or no money at the end of each paycheck.
What do u suggest for me?
Rose”
The Answer:
Dear Rose,
I think the first step is for you to get some better data from which to make an educate decision which direction to go. What I’d like for you to do is download my free book, “Eliminate Your Debt Like a Pro” and use the instructions starting on page 81 to create a spending plan. Once you’ve tracked your cash for a month we can get a better idea about what your finances really look like.
Once you get a month worth of data collected, come back and update me in the comments section below and we’ll move on to the next step, breaking free.
If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.