Comments on: Get Out of Emotional Debt http://www.mydollarplan.com/get-out-of-emotional-debt/ finance. money. action. Fri, 20 Nov 2009 12:02:44 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: Weekend Linkage - March 1, 2009 http://www.mydollarplan.com/get-out-of-emotional-debt/#comment-7847 Weekend Linkage - March 1, 2009 Mon, 02 Mar 2009 04:34:08 +0000 http://www.mydollarplan.com/?p=764#comment-7847 [...] Get Out of Emotional Debt @ My Dollar Plan [...]

[...] Get Out of Emotional Debt @ My Dollar Plan [...]

]]> By: Link Roundup | Do You Dave Ramsey? http://www.mydollarplan.com/get-out-of-emotional-debt/#comment-7841 Link Roundup | Do You Dave Ramsey? Sat, 28 Feb 2009 16:10:57 +0000 http://www.mydollarplan.com/?p=764#comment-7841 [...] At My Dollar Plan, Madison has an interesting approach for ‘putting a face’ to her debt [...]

[...] At My Dollar Plan, Madison has an interesting approach for ‘putting a face’ to her debt [...]

]]> By: Slinky http://www.mydollarplan.com/get-out-of-emotional-debt/#comment-7824 Slinky Thu, 26 Feb 2009 23:20:35 +0000 http://www.mydollarplan.com/?p=764#comment-7824 When my fiance got serious about paying off his credit card he made a spreadsheet. It lists all the stuff he bought with his card. Every time he makes a payment he goes to his spreadsheet and deletes the items. He did his in order of least to most expensive, but in order of purchase, or annoyance would work equally as well. It's nice to have something visibly paid off when you're making those payments. When my fiance got serious about paying off his credit card he made a spreadsheet. It lists all the stuff he bought with his card. Every time he makes a payment he goes to his spreadsheet and deletes the items. He did his in order of least to most expensive, but in order of purchase, or annoyance would work equally as well. It’s nice to have something visibly paid off when you’re making those payments.

]]> By: Top Bloggers In Personal Finance, New CitiCard Rewards Card http://www.mydollarplan.com/get-out-of-emotional-debt/#comment-7808 Top Bloggers In Personal Finance, New CitiCard Rewards Card Thu, 26 Feb 2009 05:57:45 +0000 http://www.mydollarplan.com/?p=764#comment-7808 [...] My Dollar Plan: Getting Out of Emotional Debt [...]

[...] My Dollar Plan: Getting Out of Emotional Debt [...]

]]> By: My Software’s Broken - It Won’t Budget for Me | Personal Finance Software Reviews http://www.mydollarplan.com/get-out-of-emotional-debt/#comment-7805 My Software’s Broken - It Won’t Budget for Me | Personal Finance Software Reviews Thu, 26 Feb 2009 00:19:23 +0000 http://www.mydollarplan.com/?p=764#comment-7805 [...] to ways that I know will work for me personally.  I thought that MyDollarPlan.com’s article Get Out of Emotional Debt illustrated this point in a interesting way.  She offers a different debt reduction system [...]

[...] to ways that I know will work for me personally.  I thought that MyDollarPlan.com’s article Get Out of Emotional Debt illustrated this point in a interesting way.  She offers a different debt reduction system [...]

]]> By: Grant Baldwin http://www.mydollarplan.com/get-out-of-emotional-debt/#comment-7804 Grant Baldwin Wed, 25 Feb 2009 22:15:28 +0000 http://www.mydollarplan.com/?p=764#comment-7804 Good thoughts! So much of the weight of debt isn't financial but rather mental and emotional. But as you've summarized, in order to get out of the emotional strain debt can take on you, you have to create a game plan and then execute it. Good thoughts!

So much of the weight of debt isn’t financial but rather mental and emotional. But as you’ve summarized, in order to get out of the emotional strain debt can take on you, you have to create a game plan and then execute it.

]]> By: Do You Dave Ramsey? http://www.mydollarplan.com/get-out-of-emotional-debt/#comment-7799 Do You Dave Ramsey? Wed, 25 Feb 2009 00:32:04 +0000 http://www.mydollarplan.com/?p=764#comment-7799 That is a cool approach Madison. I suppose the mechanics of the actual payment could following the balance/interest rate debate but the 'face' of the debt helps motivate action. In some instances it might also encourage someone to sell something once the face is 'outed' and branded with a debt total... this is really neat and while I've never looked at it this way, I wholly agree that mounds of 'faceless' debt can become an anchor and it numbs us to the danger of adding more to the pile. Cool, thanks for sharing! Dave That is a cool approach Madison. I suppose the mechanics of the actual payment could following the balance/interest rate debate but the ‘face’ of the debt helps motivate action. In some instances it might also encourage someone to sell something once the face is ‘outed’ and branded with a debt total… this is really neat and while I’ve never looked at it this way, I wholly agree that mounds of ‘faceless’ debt can become an anchor and it numbs us to the danger of adding more to the pile.

Cool, thanks for sharing!
Dave

]]> By: Marc and Angel Hack Life http://www.mydollarplan.com/get-out-of-emotional-debt/#comment-7798 Marc and Angel Hack Life Tue, 24 Feb 2009 20:11:07 +0000 http://www.mydollarplan.com/?p=764#comment-7798 No doubt... being in financial debt is somewhat related to being in emotional debt as well. ;-) Stumbled. No doubt… being in financial debt is somewhat related to being in emotional debt as well. ;-)

Stumbled.

]]> By: Adam @ Checkbook Diaries http://www.mydollarplan.com/get-out-of-emotional-debt/#comment-7797 Adam @ Checkbook Diaries Tue, 24 Feb 2009 18:30:26 +0000 http://www.mydollarplan.com/?p=764#comment-7797 I also find it helpful to focus on your net worth (assets - debt). Even if you don't have a positive net worth, bringing something positive to the table by looking at your assets as well as debts has helped me off of many emotional debt ledges, and continues to do so. Like the articles, keep up the good writing! I also find it helpful to focus on your net worth (assets – debt). Even if you don’t have a positive net worth, bringing something positive to the table by looking at your assets as well as debts has helped me off of many emotional debt ledges, and continues to do so.

Like the articles, keep up the good writing!

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