Chatzky is focusing on debt because it’s the single biggestthreat to our financial health. The average American family hassixteen credit cards and high-rate debt of more than $8000, noteven counting car loans and mortgages. They pay more than $1000 ayear in interest alone. Debt makes people feel depressed andoverwhelmed, leaving them without enough money for the trulyimportant things in life—education, retirement, owning a home,feeling secure.
Jean Chatzky has been working with viewers of NBC’s Today show
for a series on how to get out of debt once and for all. Her
method, both on TV and in this book, is simple yet powerful: the
key is saving just $10 a day that you currently waste. It doesn’t
sound like much—a movie ticket or lunch for two at McDonald’s— but
$10 really can take you from debt to wealth in just a few years.
And because it doesn’t feel like an impossible goal, people are
more likely to stick with Chatzky’s plan than an extreme regimen of
spending cutbacks.
Chatzky is focusing on debt because it’s the single biggest
threat to our financial health. The average American family has
sixteen credit cards and high-rate debt of more than $8000, not
even counting car loans and mortgages. They pay more than $1000 a
year in interest alone. Debt makes people feel depressed and
overwhelmed, leaving them without enough money for the truly
important things in life—education, retirement, owning a home,
feeling secure.
Chatzky, one of America’s most popular personal finance experts,
writes in down- to- earth, woman-next-door language about how to
get started right away, without giving up the things that truly
give you pleasure. She offers practical, accessible strategies to
help readers find the money to pay off their bills, lower their
interest rates, and improve their credit scores. Featuring
real-life examples of people featured on her Today show series, Pay
It Down can transform debtors into future millionaires. --This text
refers to the Hardcover edition.
