I have learned a thing or two over the years about debt repayment, and one of the key lessons, which is sometimes hard to fathom, is the concept of being too aggressive with debt repayment.
Any other time I have been in debt I have thrown every last cent at my debt. Problem becomes, if you put all of your cash on your debt, where do you get cash for other things/emergencies. Granted you should have an emergency fund, but sometimes that just doesn't cut it. Answer: you put the charge on your credit card. Then you aggressively try to pay that off and something else comes up, and then begins the cycle.
So unless you have the priviledge of having a completely uncomplicated, unpenetrable life you end up in the same boat you are trying to get out of. Using the boat analogy, you are bailing out a boat with a hole in it; you may stay afloat, but you will never be completely free of the water.
This time I am trying to take a more balanced approach by budgeting what is going to be spent on debt in a month, and if I can manage extra I will. It may take a little longer, but hopefully I can keep the debt monkey down for good.
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