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The Number One Enemy of Your Finances? Yes, Those Innocuous Gadgets, Cars, Toys & Lil' Plastic Credit Cards Rather Uninnocuously Piling Up Your Debt. "Pay It Down!" Says Finance & Money Expert Jean Chatzky. You Can Do It. FASHIONTRIBES BOOK BLOG

Pay_it_down

From Debt to Wealth on $10 a Day the rest of the title promises. Really? According to Chatzky, the average American family:

  • has 16 - yes 16! - credit cards
  • more than $8000 worth of debt

By saving $10 each day for the next 3 years, the author can help you become debt-free.

The first step is getting your credit score - and understanding it as well as knowing how to improve it - followed by figuring out exactly where your money is going. Then she demonstrates innovative ways to find that $10 each day:

  • eliminate the cost of your wireless devices, such as a Palm Pilot
  • refinance your car loan
  • hold a garage sale
  • lower your interest rates

And once you've reached debt-free nirvana, she shows you how to stay that way. Full of inspiring examples of others who came out from under a mountain of debt, this book is a rare find in the self help genre in that it actually lives up to promise. Amazon.com

- Lesley Scott

March 1, 2006 in Books and Literature, Pop Culture, Weblogs | Permalink

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