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Are you in debt and stressed out of your mind? Tired of living in crisis mode? We know what it's like to raise kids and stay on top of finances at the same time.

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« Previous Entries

College Starts This Month: Warn Your Kids About the Dangers

Tuesday, August 12th, 2008

Credit cards companies. They’re out there, waiting to offer your kids a free t-shirt, free lunch, or just about anything it takes to get them to complete an application. Before you send them off to college, warn your kids about the dangers of credit cards.
Although many colleges prohibit credit card companies from soliciting on campus, […]

Fun video says it all about financial management

Friday, July 11th, 2008

This Saturday Night Live video with Steve Martin says it all about how to avoid debt.
We sent this to the email list a couple of days ago but wanted to make sure the rest of you saw it too, because it will make you laugh.
By the way, the emails that go out on the email […]

Is it OK to use credit cards if you pay off the balance each month?

Friday, May 23rd, 2008

A lot of people use credit cards so they can earn “rewards” from the credit card company, such as rebates, frequent flyer miles, etc. They pay off the balance each month and think this is OK.
If you do this, consider:
1.) When you do this you spend more money, even if you pay off your balance. […]

Held hostage by my debit card

Sunday, May 18th, 2008

Last month, I decided to save money by bundling my satellite service with my Internet and telephone services. Even though I would be charged a termination fee for canceling my other contract early, in the long run I would save much more money by bundling all three services together and going with a different […]

Debt collection is a growing business

Saturday, April 26th, 2008

Workers in India can earn $425 per month calling Americans who are behind on debt payments with the potential for an extra $600 or more per month in bonuses. This is actually a lot of money because the average salary in India is $63 per month. By contrast, American collectors earn $6500 per month. So […]

A free gift for you

Saturday, March 29th, 2008

Last summer, Debt-Free-Mom was just a concept. I wanted to create a business that would genuinely impact the lives of others. A few months later I asked Anita if she’d like to join me in this venture, and she was as excited as I was to begin.
Your response has been astounding. Each […]

Credit card use doubled in January

Tuesday, March 25th, 2008

Here’s an alarming statistic: Americans spent twice as much on their credit cards in January 2008 as they did the month previous.
Thanks to the subprime mortgage crisis, people that were using home equity lines of credit are now turning to credit cards.
According to Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi UFJ Ltd. in […]

Teens and the Credit Card Jungle

Wednesday, January 30th, 2008

I got a surprise in the mailbox the other day, something I didn’t expect to see quite yet.
Actually, I’m stretching the truth a bit; my 17-year-old daughter Lindsay got something I wasn’t quite ready for—her first credit card offer.
It was from 1st Financial Bank.
Now keep in mind that my daughter is a senior […]

Another fun comic about credit cards

Wednesday, December 26th, 2007

Source: Comics.com
Thanks to Dianne for bringing these comics to my attention.

A fun comic about credit cards

Sunday, December 23rd, 2007

Source: Comics.com