4 Proven Ways To Stay Solvent

Our common welfare depends on DA unity

Thought for today: Prosperity doesn’t come from credit cards.  It comes when we increase our earning power, and by the decisions we make that matter most.  We need to make decisions that change our attitude about money, credit, and living within our means… A personal share: “I started to feel abundant way before I experienced […]

Continue reading →

“How Do I Practice These Principles in All My Affairs?”

...we tried to carry this message to compulsive debtors, and to practice these principles in all our affairs.

Thought for today: The Twelve Steps are tools to help us find a life again.  We can finally place first things first, and improve our attitude in the face of life’s frustrations.  We have found a new basis for living, a formula that works in spite of tough times. We can’t deny that there are forces that […]

Continue reading →

An Underearner’s Turnaround

Thought for today: After the housing bubble burst, many homes were worth less than the money owed on them to the bank.  In that market, many people sold at a loss, or simply walked away from their properties. DA helped us change the patterns of behavior that had led to unnecessary risk taking around money.  Once we accepted the […]

Continue reading →

How Solvency Creates Opportunities

Thought for today: To be solvent in DA means to no longer incur unsecured debt, one day at a time. As DA says, “Unsecured debt is any debt not backed up by some form of collateral, such as a house or other asset.”  For many, doing away with credit cards is an emotional and transformational  experience. A member […]

Continue reading →

March 25, How Solvency Works in DA

Thought for today: Solvency in DA is different that what the financial world defines it as.  A passage about DA as found on Wikipedia helps clarify: “Abstinence in DA is abstaining from incurring any new unsecured debt, a strict definition that includes not paying bills when due, borrowing money from a family member or friend without collateral, credit card debt and […]

Continue reading →

How to Help Newcomers Find Solvency in D.A..

D.A. old timers see a lot of new people come to one meeting and never come back. Some of these newcomers appear to be window shopping for financial advice.  They feel unspeakable agony over their debts, and desperately seek a quick fix for the pain. Most old timers in the program will listen and reflect on this, and […]

Continue reading →