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 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.
All the women in the group must figure out exactly how much they are in debt. All the women in the group is forced to be honest about her situation. Also, the women are to check in with the group weekly to share her progress.
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 women in this group put themselves on a debt diet till they pay off their debts. They only keep one credit card for emergency situations.
When a woman reaches one of her goals she is rewarded a smiley face on the forum. The Women Red Racers may sound competitive, but it is not a race to see which woman pays off her debt first.
If one of the member falls down they are so great about lifting each other up, to get started go to moneycentral.msn.com/community/mesaage/board.asp
