Shanel Yang - Money Hero?
- Paid off $50,000 in credit card debt in 1 year!

I went looking for other bloggers who did remarkable things with their money.

According to her blog, Shanel Yang paid off $50,000 in debt in one year! I am thoroughly impressed with that kind of persistence and creativity.

I was interested to read about how she got into so much debt, and as well how she felt when she was in over her head. She mentioned that, "I tried to console myself with even more spending. "What's the point in trying?" I rationalized. "I might as well have a good time!"

Isn't that the way you feel for a while. You're so much in debt and while your head is spinning you try to rationalize it away while you're trying to figure it out.

I think Shanel is a Money Hero because she decided to take responsibility for paying down her debts and found creative ways to do so.

She had to become creative and frugal. On her blog she lists 11 different ways that she used to pay down her debt. All of them range from cutting out frivolous purchases to making more money. She also figured out how to do the same types of things for less money.

Shanel was critized for being frugal.
I scratch my head at this. Being frugal is like being on a money diet. If you're over weight financially, you need to go on a diet. That's what Shanel did. She mentions that she was called names for being frugal: "Yet, try to be frugal, and suddenly you'll hear "tightwad," "miser", "cheapskate", or "Scrooge."

I think that this is probably true but pretty sad at the same time. If people have debt and are paying 18.9% on that debt, they need to start paying down their debts. Buy things with cash instead of credit cards if they're really necessary.

In the over all I thing that Shanel Yang has paid down her debts and bought herself peace of mind, along with freeing up that monthly cash flow.

Well done Shanel Yang, you're the Money Hero for today!