People in America today owe 25 trillion dollars of debt according to Good House Keeping magazine. It seems as though 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 success is amazing together they have paid off 1.6 million dollars. Just think only a community of 1,000 women has done this.
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.
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.
Every woman is to be honest when they didn’t meet one of their goals, so that the other women can encourage her. On average each woman has paid off $3800. One very aggressive member helped her husband pay off $10,000 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 women in this group throws all their credit cards away. They will only kepp one for emergency situations.
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.
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