Women's Support Group to Get out Debt
Alia Jae
US Citizens today owe a crazy 25 trillion dollars of debt according to Good House Keeping magazine; so many of our lives are touched by debt in one way or another.
Getting out of debt can be a major challenge. One of the things that will help anyone get out of debt is having support. If you are a woman there is an online group called "Women Red Racers", they support each other in getting out of debt.
"Women Red Racers" have been together since 2006. They support one another in getting out debt.
The women in this community have paid of 1.6 million dollars! This is a huge number for a group of 1,000 women.
The awesome thing about this group of women is that they supported each other all the way through the process; each woman has learned so many cool tactics in paying off her debt.
All the women in the group must figure out exactly how much they are in debt. All the women in the group is forced to be honest about her situation. Also, the women are to check in with the group weekly to share her progress.
They are to be honest when they fail to meet their goals and encourages one another to get back on the right path! The members in the group have paid off an average of $3800. One woman helped her husband pay of $10,000.00 of debt last year.
The goal in this group is to pay on their debts two to three times a month. This can be hard and that is why every woman should report to the group regularly to get support.
The group puts themselves on a debt fast. They get rid of all credit cards except one for emergency purposes.
When a woman reaches one of her goals she is rewarded a smiley face on the forum. The Women Red Racers may sound competitive, but it is not a race to see which woman pays off her debt first.
When any of the women messes up big time the rest of the women are there to love and bring encouragement. If you are interested in joining go to moneycentral.msn.com/community/mesaage/board.asp
About the Author:
Alia Jae is a dynamic expert in product and personal reviews of all sorts. If you are looking for the truth on consumer goods and services Alia Jae delivers that to you. To read her free reports go to product reviews
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