Business & Finance Finance

Debt Got You Down?

Feeling demoralized and heavy by the burden of your bills [http://ednessindebt.blogspot.com/]? Well, maybe it's time to go on a debt diet - the Oprah Debt Diet! This is one of the top results in search engines upon typing "debt" in the search field. How about that.

Apparently Oprah has a series of debt-centered web pages inspired by a few of her special episodes. There's a step-by-step plan with a convenient chart and everything. The episodes on which the diet is based feature families in financial peril who were chosen to be helped by Oprah and her team of experts. It actually looks like a pretty neat resource. Many of you may have already seen the TV episodes or checked out the diet online. If you are a former debt dieter, I hope you'll let me know so that I can forfeit any further energy on Oprah's plan. Because, if you're reading my articles, the diet probably didn't work for you.

The first step on Oprah's plan to debt independence is to determine how much a debtor owes. Now I feel smart, because I figured out that I needed to do this yesterday - without the help of Oprah. But, of course, I didn't get around to calculating my total debt in time for today's article as promised. So, it works out for the better that I found Oprah's diet with its debt calculation chart. I'll fill it out tonight, maybe this weekend, and then reveal my total debt for you.

In addition to "Step 1: How much debt you really have?" there are seven more steps in the plan. The brief summaries of each step seem sensible and worth considering. So, I'll consider them, try applying them to my life, and let you know how it goes.

If Oprah's Debt Diet goes as well as her site makes it appear to go, there may not be as much debt research for me to conduct as I'd initially thought. At least the Diet speculates payoffs over the course of years. So, even if I don't have to scour the web for ways to get out of debt, I'll at least be able to give you updates on my payment and saving plans. Maybe we could form a club, get together and have a potluck, or something. I'm kidding. Let's stick to writing and reading about getting out of debt.

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