One reader sent in this question and was so excited about having paid off all credit card debt and now ready to start saving! The question was asking what kinds of accounts to establish. Again, knowledge is power and the more you know, the more you can maximize your dollars!

Q. I have finally paid off my credit card debt and am now in a position where I can start saving money on a monthly basis. I’d like to have access to this money and want it to be as secure as possible. Can you let me know some options on where to invest my money?
…continue reading the article titled Light at the end of the Debt Free tunnel!

This quesiton came in from a reader who was out of control with gambling. Whether you’re a shopaholic, a gambler or prone to excessiveness, it’s important to nip the problem in the bud before it gets out of control. It’s just not worth ruining your credit and going deep into debt over…

Q: When the casinos first opened in my city I would occasionally drop in and spend $20 or $40 in the slot machines. My visits became more and more frequent and the dollar amount per trip larger and larger. At first I justified it by saying that it was how I chose to spend my entertainment money. But I’m spending more than I should, put off paying bills and started carrying a credit card balance for the first time in years. The other day I caught myself considering a credit card cash advance to get gambling money until my next payday. I make an above average salary but I’m frittering it all away on the slots. Help!
…continue reading the article titled Get a grip on gambling before it ruins your credit and gets you deep in debt!

I’ve gone over it before and I’m going over it again! I can’t stress enough how important it is to know the debt relief options available to you. As I’ve said, knowledge is power and you want to have enough knowledge so you make an educated decision. The following Q & A was to outline the 4 debt relief options to one of my readers. There’s far more detail to each one but it’s important you know the basic differences…

Q: I’m deeply in debt and falling behind on my payments. I need to find some relief and my problem is that I don’t understand all the options available to me. Could you outline the available choices so I can start to take action?
…continue reading the article titled Know your Debt Relief Options to make an educated decision!

This is a question that came in from one of my readers asking for advice on how to address money concerns with her husband as times are tough. Communicating about money at the best of times is not always easy. Read on to learn some tips for effective money communication…

Q. I listened to your radio show last weekend. My husband and I recently refinanced our home to consolidate several credit cards that we had allowed to run up after he had to take a pay cut at his job. We have always had difficulty communicating about money, and it has reached a point where he has completely shut off and all we do is argue if either of us brings up the subject. I am concerned because we have started to use the cards again, for everything from gas to groceries to department stores - and I am fearful that we are going down the path to destruction we just emerged from a few months ago. I truly believe our lack of communication is the root of the problem
…continue reading the article titled Communicating about MONEY to avoid marital woes!

FTC Explains Requirement and Offers Tips for Selecting a Credit Counselor
Beginning October 17, 2005, consumers filing for bankruptcy will be required to go through a government-approved credit counseling program six months prior to filing for bankruptcy protection.

…continue reading the article titled New Bankruptcy Law Requires Credit Counseling Before Filing

Consumers racing to beat the bankruptcy clock are out of time. Today, the long-awaited new bankruptcy law takes effect – making it more difficult for individuals to file Chapter 7.

Based on preliminary data for the week ending Oct. 15, researchers at Lundquist Consulting estimate there will be more than 200,000 personal bankruptcy filings. That’s nearly triple the number of filings in the week ending Oct. 1, which itself was a record high. Americans filed an average of 30,000 a week in the past four years.

…continue reading the article titled Bankruptcy Filings Soar Ahead of New Law

Credit card companies generate astronomical revenues off of FEES - late fees, over the limit fees, $29 here, $39 there - it adds up fast!
In response to harsh criticism to these ever increasing fees, credit card companies are starting to introduce a round of “new and improved” card offerings - BUT BEWARE and be sure to do your homework before you decide if these offers work for you!

…continue reading the article titled Is There Such a Thing as a Gentler, Softer Credit Card offer?

Good question that i’m asked alot about!

Should you borrow from your 401(k) plan to payoff debts?

Some might argue that it makes sense as you’ll end up paying yourself back with interest.
If you have money problems, borrowing from your 401(k) plan may seem like an easy answer. In fact, in theory, it makes sense.

…continue reading the article titled Should I borrow from my 401(K) plan to payoff my debts?

Perhaps you’ve already heard the news…Credit Card Minimum Payments are on move and that’s UP not Down! For many people, this is enough to create havoc as they struggle to maintain their existing minimum payments.

…continue reading the article titled Credit Card Minimum Payments On The Move!

Several readers have e-mailed us on how to select a debt settlement company. Here is our input on the criteria you should use and the list of the best of the best. We hope this helps you in finding your solution for the right debt settlement company.

Several readers have e-mailed us on how to select a debt settlement company. Here is our input on the criteria you should use and the list of the best of the best. We hope this helps you in finding your solution for the right debt settlement company.

…continue reading the article titled How to Choose a Debt Settlement Company!