No. of Recommendations: 31
You will find with something like a phone people make excuses "well if I cancel my contract they will charge me $200!!!" So freaking what? If, for example, your phone costs you $150 a month now, and if you cancel and go to a prepaid phone for $20 a month, it takes you two months to recoup the cancellation fee. But all people focus on is that cancellation fee.

So find out the cancellation fees and calculate how long it will take you to recoup the cancellation fee.

For the auto loan you are ignoring something important. Yes the loan holder wants the entire balance paid right at the time of sale. So? That doesn't preclude you from getting a signature loan for the difference and paying them off that way. Now you have a signature loan for $3,000 vs. a car loan for $20,000. Yes you still have debt, but you just cut it by quite a bit. Yes, it means public transportation and being a one car family. But you need to feel some discomfort after getting yourself into this mess.

Stop thinking about why things won't work. Figure out how you are going to MAKE THEM work. You got yourself into this mess, you CAN get yourself out of it. You'll be surprised with what you can accomplish when you combine critical analysis, a positive attitude, and some plain old fashioned tenacity.

Lara Amber
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