Six Figure Debt

By now you may already know we are looking for a new car to replace our current vehicle when the lease expires this summer.  We have been looking on Craigs list and Ebay and recently caught an obvious scam on Craigs list.Here is how it works.  The scammer posts a nice vehicle for a ridiculously low price.  The scamee contacts the person about the car and it told it is available, however he is in the military and cannot be reached by telephone but can ship the car at his expense if you simply send him the money.   The scammer then asks that you use E-bay’s “buyer protection” plan as insurance that the deal is legit.  It isn’t.  E-bay’s “buyer protection” program doesn’t apply to deal done on any other web site and certainly doesn’t apply to cars sold on Craigs list.  I attempted to mess around the guy a bit but he simply dropped out of view.This scam has actually worked in some cases and it has left some people without a car and the money to buy a new one. Remember the golden rule, “If it seems to good to be true, it probably is…”If you are looking to buy a new car, I do not suggest Craigs list unless the seller is local and you can see the car in person.

As we look for ways to dump frivolous expenses, we are exploring any and all avenue’s to reduce debt.  here are  ways to deduce debt and eliminate the credit cards.

1.  Stop using debt.  No more credit cards, stop borrowing.  We are strictly a cash only family from this point forward.  We have one credit card for emergencies but once the emergency fund is full, that one goes too.

We aren’t desperate enough to burn the furniture, but we have so many unnecessary “things” laying around the house that we have accumulated over the years that it is time to get rid of the crap. I’ve already sold some of unnecessary furniture on Craig’s list. It was an item that we purchased a couple of years ago and haven’t even used ONCE since we’ve had it, so it’s gone to a good home and I am $300. richer. I sold it for the exact same amount as I paid for it.