This Couple Bounced Back From $160,000 of Debt in 3 Years
For most people, tackling the average $8,000 we carry in credit card debt seems like an unbearable task. What if you had 20 times as much to worry about?
For most people, tackling the average $8,000 we carry in credit card debt seems like an unbearable task. What if you had 20 times as much to worry about?
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.
Rachel Jonat spent most of her young adult life dreaming of Olympic medals and crossing finish lines. But the games came and went, and she began a new chapter as a wife and mother -- facing $82,000 in debt.
It can happen anytime after you get 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 fortune in interest. Don't despair. You can climb out. Here's how.
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.
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.








