getting out of debt

Shedding $120,000 in Credit Card Debt Saved Her Life

When Franny Bostick thinks back on where she and her husband Jim were six years ago, with more than $120,000 in debt on 13 credit cards, she shudders. They not only faced financial ruin, but she also was on her way to a potentially catastrophic health crisis. But they turned it around. Here's how.

A 4-Step Plan to Start Climbing Out of Debt Today

It can happen months, or years after getting your first credit card. One day you look at the bill, and even the minimum payment is almost out of reach. Years of purchases spell out what seems to be a lifetime of repayments and a small fortune in interest. Don't despair. You can climb out, step by step. Here's how.

What to Do When Mom and Dad Need Money Help

One of the toughest days in many people's lives comes when they realize that their parents need financial help. Especially if your mom and dad were always there for you when you needed them, it's only natural to want to return the favor when they need you. Here's how you can help your folks -- and what you definitely shouldn't do.

How to Create the Right Mindset to Get Out of Debt

Becoming debt-free isn't just about using solid money-management techniques and effective debt-elimination strategies. It's also about having the right mindset to get out of debt. Here are four insights to help you create the proper mindset to get out of debt.