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Some of those tips make me nervous Especially the taking out a Home Equity loan--in some cases that could be a good thing but for a lot of people, its a bad bad bad bad idea, especially with housing prices dropping and companies still experiencing a lot of downsizing :\ When I worked for a bank, it was encouraged to do a Home Equity to pay off debt--people were told how wonderful and great it was! When I worked for a credit union (before the crash), we advised people to think long and hard about it because it often put them in a not-so-great position. Exceptions in every case, though, and for some it is a great road to take
I make sure to always pay double the minimum on any cards we have a balance on with extra funds going towards the one we are working on paying off. My husband is going to school full-time (as well as working full-time) and so we have a lot of extra expenses (gas for the car, supplies, equipment for classes, etc) that get put on the credit card until his financial aid refund comes--his school pays it out halfway through the semester instead of upfront :/ His tuition and books are covered by being charged to the account but everything else is out of pocket until that check comes so even though I hate pulling out that card, it gets used and then paid off when the check comes
#3-agree with to some extent, I think a small safety net is a good idea. I bet it is rare for a person to have a good chunk of money in savings if they also have a mountain of debt.
#4-7-ACK! I really disagree with these. Rob Peter to pay Paul? Doesn't make sense to me. Paying off debt includes making lifestyle changes. You got in debt by spending beyond your means, you have to break those habits, not just borrow from somewhere else. I especialy disagree with asking friends or family for money. I feel it is really unfair to request that of them.