tag:blogger.com,1999:blog-2138031596055836763.post3325615106257344726..comments2010-09-14T03:17:16.732-04:00Comments on Make More and Spend Less: How do you pay off debt?Make More and Spend Lesshttp://www.blogger.com/profile/01118939201482471978noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2138031596055836763.post-21963159134246153342010-09-14T03:17:16.732-04:002010-09-14T03:17:16.732-04:00As much as possible, prevent from incurring debt e...As much as possible, prevent from incurring debt especially excessive usage of your credit card. Sometimes, there is a tendency to overspend beyond ones capacity to pay. Please visit my site www.FinanceTips101.com for more insights. Thanks. :)Joey Grayhttp://www.FinanceTips101.comnoreply@blogger.comtag:blogger.com,1999:blog-2138031596055836763.post-42652435946627646362007-12-01T18:03:00.000-05:002007-12-01T18:03:00.000-05:00My wife and started doing just this this summer. W...My wife and started doing just this this summer. We cover our monthly expenses (rent, living expenses, student loan payments, etc.) with my paycheck. Her paycheck goes directly into savings - first to cover our emergency fund then for other short-term savings goals.<BR/><BR/>I get a quarterly bonus that we apply directly to our credit card debt (which will be paid off by February). After the credit card debt is gone then my bonuses will go towards paying down the principle on my wife's student loans.<BR/><BR/>We did this primarily to increase our (formerly non-existent) savings and also because we're hoping that my wife will be on maternity leave this coming year and we can't be dependent on her income.Anonymousnoreply@blogger.com