I recently asked readers how to help my friend payoff his debt. I highlighted some of the responses in 7 Ways to Payoff Credit Card Debt.
Here’s the situation that he is dealing with (see the story for all the details):

Personal Line: $3,500 balance @ 15% – $7,000 limit
Credit Card #1: $2,300 balance @ 9.6% [...]

Posted July 10, 2008 in Credit cards, Debt by Madison | 9 Comments

Last week I brought up the story of a friend that needed help paying off debt. There were lots of great responses with different ways to get rid of the debt.
A recap of the situation (see the story for all the details):

Personal Line: $3,500 balance @ 15% – $7,000 limit
Credit Card #1: $2,300 [...]

Posted July 3, 2008 in Credit cards, Debt by Madison | 5 Comments

Last night I got a call from a friend looking for some financial help. He has $14,300 in debt and has a goal to be debt free by November. Before I put together a plan for him, I’d like to hear what you have to say about it!
Debt Details
Here are the details of his debt:

Personal [...]

Posted June 24, 2008 in Credit cards, Debt by Madison | 13 Comments

After going back and forth about selling my car, I finally said goodbye to the car last week. It was a little sad, because I loved that car! But since the kids didn’t fit, it truly wasn’t working.
Here’s a recap of the sale process and a summary of what worked and what didn’t. [...]

Posted June 10, 2008 in Debt, Savings by Madison | 11 Comments

According to some estimates, every household, on average, wastes 15% of its income (if you make $4,000 a month, this amounts to $600). This wasted money disappears into needless things that do not offer any real and lasting value. Things like lattes and money for useless knick-knacks that do nothing more than gather dust. Impulse [...]

Posted May 20, 2008 in Debt by Madison | 8 Comments