From debt to wealth on $10 a day
From ‘Pay it Down’ by Jean Chatzky: 6 ways to pay down your credit cards and build up savings.
September 27, 2004: 9:56 AM EDT
By Jean Chatzky, MONEY Magazine
NEW YORK (MONEY Magazine) – How would you like to be free of credit card debt? To have a financial cushion to fall back on?
To know you have the skills to save and invest for any goal — and to guarantee your financial future? You can get there on $10 a day. If that sounds like very little — well, it is. But it could be the key to your future.
Let’s say you’re the average American. You have a decent job, but you also have $8,000 in high-rate credit-card debt and no savings to speak of. You may not believe that $10 a day can dig you out of that hole. But it can– and in less time than you think.