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Help me get off the loan treadmill.  I have a substantial debt going on right now. (~$12k @ 20% APR) I'm using the "save in the margins" technique and have cut my gym membership, a couple cheap gaming site memberships that were adding up, and a bunch of other crapola that I can jettison from my life, hopefully saving me around $120 per month. As well as more DIY projects. (Although I can get obsessive...I just built a towel rack for $15. $3 for the pipes and cables, the rest on paint and hooks.) My main debt is a 12 year old credit card I've had with Wells Fargo for ages. I scrimp and save, get depressed, blow money, do it again. My idea was not only to cut back spending, but do a balance transfer and do my banking business at a credit union. Would they deny me because of my debt? Is this a good solution? If I can get a 12-15% APR interest rate, it may help me make some gains.
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Mar 2, 2010 02:09
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DuckConference posted:It sounds like some therapy could really help you a lot more than just a plan based on financial numbers. Spending is therapy. 
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Mar 3, 2010 01:35
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