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Author: dswing Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 311074  
Subject: Re: Debts - USA Wife Married UK Husband Date: 12/30/2009 12:06 PM
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I won't add to the excellent stream of advice here in this thread, except to give you an idea of what we have done to get out of debt in our household (husband, wife, new baby, dog, cat, $60K+ debt).

1) Sold one of our two cars. I have been taking bus to work for 1 year now, with no sign of stopping.
2) Remaining car was purchased used, and was 9 years old. Now 11.
3) Took a vow to not buy anything new for 1-year http://sfcompact.blogspot.com/
And probably will commit to do this again in 2010.

4) Sold many possessions. Especially those related to hobbies, such as sporting equipment, gadgets, etc. We sold gifts we gave each other at past holidays. Oddly, there is still a lot we could sell... where does this stuff come from...

5) Went to a shared cell phone plan. No land line.
6) No cable. Bought an HDTV antenna and put it on the side of the house. Free TV, if channels are limited (there are still more than 10, and almost 20 if I want to watch programming in Spanish). Tons of shows can be watched online for free as well, if you want to hook your PC to your TV.

7) Cancelled all other subscriptions and memberships, except internet, which is critical to both DWs and my ability to work - I don't pay extra for higher-speed.

All this, and many other things I am forgetting. And still the debt is not going down as fast as we would like. But it has been cut almost in half in a year.

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