So, I moved to the Philippines, bought a small home for cash and live like a king on about $US1000 per month. The rest of my money now goes to paying off all the debts.

I am lucky, because my company has an office here and I get paid my normal US dollar wage. I also get paid additional tax free dollars for living and working overseas and use this to pay off debts also.

Finally, I run everything through my own company and therefore get many tax breaks. All that adds up to 4 to 6K per month to pay back those debts.

Still a long way to go, but now I own my own home & car (instead of paying loans off) and everything is dirt cheap. Quality of life is also a lot higher.

I have been searching all 4 corners of the net to try and find viable ways and plans and real life experiences for getting out of my debt. I am in debt for roughly R700 000, roughly just under $100k. If anyone has any ideas, let me know…

[...] There is a blog named Get Rich Slowly that I subscribe to with my Bloglines reader and on my Google start page. The title of the blog alone motivates me to continue my path of saving money (not to mention the solid reminders on frugality). Today J.D. discusses an MSN article pertaining to escape from debt hell. [...]

[...] Escape From Debt Hell [...]

How I get cash for groceries, eating out money, gas, toiletries (baby diapers & wipes) and pet supplies and put the cash in separate envelopes based on Dave Ramsey’s system.

This has worked for me so far. I use quicken so when I get the cash, I just break up the total amount into the different categories and can still keep track of it.

Just my .01 cent.

If I can pay with it on my debit card, then I can track it online. Who wants to carry around receipts to keep track of what they spent? Not me!