Women Helping Women Get Out of Debt
Today American’s owe 25 trillion dollars of debt according to Good House Keeping magazine; so many of our lives are disturbed by debt in one form or another.
Getting out of debt is so hard. Support is one of the major keys to getting out of debt. There is an online group for women called the “Women Red Racers” to help any woman in debt get out of debt.
This women’s online forum started in 2006. They work to help each climb out of 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.
What is so amazing about this group is that they support each till they reach their debt free goal. Every woman who has joined this group has learned new ways to pay offer her debt.
Every woman is accountable to know down to the penny how much debt she has to pay back. Every woman who participates in this group must be honest about her situation. The women are also expected to share their progress on a weekly basis.
The members of this online community are open when they have failed in paying off their debt. The other women come alongside them and help them get back on track.They have each paid off about $3800 and one woman has paid off $10,000.
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 someone in the group reaches her goal she is given a smiley on the forum. “Women Red Racers” might sound a little competitive, but really they just like to challenge one another in a supportive way.
When one member falls behind in her goals they all come to the rescue to help her get on track, to join today go to moneycentral.msn.com/community/mesaage/board.asp
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