Enemy of Debt: Where Behavior Meets Reality
Motivational Money Management
The Enemy of Debt Questionnaire – Congratulations Amy! How much debt did you have and how long did it take you to pay it off? I took a 401(k) loan in 1997 of $8,000 for a down payment on my condo. My mortgage was $34,800 for 15 years. I paid off the mortgage in 2005. I paid off the 401(k) loan in 2001. I bought a new SUV in 2006; did a dumb thing by trading it on a new model in 2008; the car loan was paid off in 2010 (it started out about $25,000.00 – stupid, I know [...] Read more »
I love my frugal friends. I love all my friends, of course, but I really love my frugal friends. I love sharing frugal tips and annoyances. But my favorite thing is that they don’t make me feel cheap for avoiding spending money. I was talking to a friend the other day about how to visit Disneyland on the cheap. I live in Phoenix which is a 5 hour drive to Disneyland. This friend just recently moved to Arizona from the East Coast and she’s never been. I was explaining that now that she can drive there it’s really not to [...] Read more »
This is a guest post written by Ross of GoBeRich.com. Photo credit: Cliff1066 So I took a little trip to the mall the other day with my girlfriend and one of her friends. This was my first mistake. My second mistake was thinking I would tag along with them while they shopped for clothes and shoes and that it wouldn’t drive me insane. Needless to say, it did drive me insane, so eventually I set off on my own in search of something to occupy myself with. I first headed to Game Stop, as I have to admit, I’m a [...] Read more »
Photo Credit: thephotagraphymuse This is a guest post written by Pam Greene. Bob was overweight as a child. He continued to gain weight throughout his life until he weighed almost four hundred pounds. When he was in his early 60s, he caught a cold. The cold turned into pneumonia and from there his health took a deathly downward spiral. His kidneys started shutting down. He had congestive heart failure. For a week, he was on death’s door in the intensive care unit in the hospital. Doctors worked feverishly to save his life. Miraculously, they did. Bob never regained his full [...] Read more »
This is a guest post from my good friend Clair Schwan from Frugal Living Freedom. I hope you enjoy it and please go over to his site and check out all of the great information he has worked hard to provide you. ENJOY! If you’re in need of help with your debt, you’ll likely need help with your approach to living as well. Debt doesn’t sneak up on us and capture us one day. It slowly creeps into our lives because we allow it to happen. Quite often our lifestyle has encouraged it, condoned it and promoted it. We are [...] Read more »
I am addicted to becoming and staying debt free! Are you addicted to becoming and staying debt free? If so, these are the principles and ideas that you would follow to achieve such a thing. You have probably heard about the 12 steps of Alcoholics Anonymous, and how they really help these folks cope from day to day. I just created 12 principles very loosely based on those of AA, with a debt free spin. I really just got the idea of where and how to list them, and then I just started thinking of all the things one [...] Read more »
Returning Thoughts I am in my car a significant amount of time. I have tons of time to think about so many things. One of the questions I find myself asking is “What in the world do people say when they see my car?”. My first response is usually laughter because I imagine what people might say who would never be caught dead in such a car. To make it even more amusing I have a DaveRamsey.com sticker on my bumper that says, “Act Your Wage”, beside another “Anti-Debt” sticker. To me this makes TOTAL sense, but the average person [...] Read more »
Hello and welcome to Enemy of Debt! I founded EOD in April of 2008 in an effort to motivate and inspire financial discipline by focusing on behavior and truth. By teaching personal responsibility, debt free principles, and the importance of planning people can learn how to take control of their finances one step at a time. I want to help! :)
My journey to debt freedom and financial independence began in January of 2008. We became sick and tired of living paycheck to paycheck and were finally mad enough to take action. At that time, we did not have any savings, knew very little about budgeting and were buried under $26,076.75 of debt.
In the first two months we were able to throw together our very first emergency fund ever of $2,000. It took us only 18 more months to eliminate the retched debt from our lives and I can proudly say we never plan to borrow another dime ever again, for any reason.Read more
