As time passes, the debt mountain that I find myself at the bottom of is gradually turning into a plain old hill. Regular monthly payments make life easier when it comes to planning out the reduction of what I owe.
I still have along way to go, and hopefully after this month i'll be in a position to increase the payments to accelerate my debt free status. That is an eagerly awaited day.
How many other people find themselves in a situation like this? Victims of the good times, when people (myself included) were seduced by an apparently endless supply of cheap credit.
If this current climate of credit crunches and recessions has any good points, it is that it might, just might, get people back to the days when credit was something which was difficult to get and people saved. A world with minimum credit may not be good for big business, but it will certainly be better for average Joe and his personal circumstances.
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