RE: Big Time Debt Problem

From: "Diane Howe" <diane@jeeptech.com>
Subject: RE: Big Time Debt Problem
Date: Sat, 24 Mar 2001 11:49:13 -0700

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>Due to circumstances that I am certain are familiar to some of you I have
>gotten myself (as well as my wife) very deep in debt.

Jack-
I'm afraid that your experience may be a trend
in this day of overspending and undersaving.
Recently, I read the term "money is a drug" which
can be expanded to say "spending is a drug".  Are
you ready to kick the habit?

If so, get yourself to a debt counselor.  There
are many volunteer, non-profit, debt counseling
services out there - look in the phone book.
It's not necessary to pay for this service.

Some of the things that a debt counselor will
work with you on are things like:
- - Negotiating the repayment of your debt with
  those you are indebted to
- - Cutting up your credit cards, perhaps saving
  one tucked away in a drawer and never used.
- - Paying cash for everything
- - Budgeting and looking for ways to reduce spending.
  For example, do you really need the deluxe cable
  package or pricy gym membership?
- - Reducing the stuff accumulated from the spending
  splurge.  Can you sell some of this stuff?  Maintaining
  "stuff" is an expensive habit.

Good luck to you on this road of recovery.

- -Diane Howe

- -

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