Hi Jean,
My husband and I have a $60,000 credit card debt. He is head of the household and is overseas for another year.We are a military couple, and have recently moved back to our home of record. We are renting a house since we don’t know what type of job he will have or where when he returns to the states. I am going back to school on the GI bill but have had to use our money to get started until it kicks in. He makes good money; however, we never seem to get ahead. We don’t have much in savings. It seems that something always comes up, or the kids need help. We do have savings bonds, and invest in a savings plan from his employer. He owns a house here in the states that we would like to rent out, it is to small for us, and it does need some touch up work. This has become such a strain on our marriage that we are on the edge of divorce. Could you please offer some assistance. Thank you – jddowning
Dear Joanne,
You’re in a boat with many people, unfortunately. New research has shown that debt — in particular — is the money issue that drags on families and spurs them into divorce. Conversely when couples can accumulate assets, their marriages become stronger. More…
On today’s Money 911…how you can be released as a cosigner from a student loan, does a debt management plan hurt your credit, and can you afford to have kids? Tune in.
Today I had the pleasure — really, it’s always so much fun — of appearing on Morning Joe to talk about Not Your Parents’ Money Book. I was waiting for Willie Geist to ask me (as he’d asked the prior guests) if I was a witch. He didn’t. And I’m not. But I am a Jeannie
This morning on Today I talked about my new book, Not Your Parents’ Money Book. I wrote it to help teach kids how to make money, save money and spend money wisely. To learn more watch the video clip below to hear what we discussed.
I don’t know which way to go. Due to health. I been unemployed since 04′. I living on fixed income which most of it goes towards my mortgage. I had to file bankrupty in 05′. I re-established my credit only to get back in debt 2200 ( I shop when I feel depress and I try to control it.) Q. HOw do I know which cards to cancel or what do I do? Two of them have annual fees and 21% apr. The limits are 450 to 1500. Three I still need to pay off. My goal is to only have one card to pay by 1/11. I save all my change. Last year saved 388. So far this year I maybe have 200 I will used this to help pay down debt, but now have to replaced garage door (672) do I used my change or do I used saving (1501). Do this sound like a good starI have 401 k and ira which I know not to touch. Oh just to say that I have continue to pay more on my pricinple to get rid of the pmi. This month I will have paid my principle down to 78% then my mortgage will reduce by 30.
help – Reesiecup
In answer to your specific question, you should get rid of the credit cards with the highest interest rates and annual fees first. And of course, you know I believe shopping is not the right answer to dealing with your depression. But I want you to look at where you’re living. More…
Could you wear only 6 items for 30 days? This morning on Today we reviewed my Sixperiment. What can you live with? What can’t you live without? How would you accessorize? Would anyone notice? Watch the video clip below to see what I discovered.
This morning’s expert panel looked into your financial emergencies. How can a single parent save money for college? What is the process to remove negative activity from your credit report? For answers to these questions and more watch the video clip below.
Hi Jean,
I don’t know which way to go. Due to health. I been unemployed since 04′. I living on fixed income which most of it goes towards my mortgage. I had to file bankrupty in 05′. I re-established my credit only to get back in debt 2200 ( I shop when I feel depress and I try to control it.) Q. HOw do I know which cards to cancel or what do I do? Two of them have annual fees and 21% apr. The limits are 450 to 1500. Three I still need to pay off. My goal is to only have one card to pay by 1/11. I save all my change. Last year saved 388. So far this year I maybe have 200 I will used this to help pay down debt, but now have to replaced garage door (672) do I used my change or do I used saving (1501). Do this sound like a good starI have 401 k and ira which I know not to touch. Oh just to say that I have continue to pay more on my pricinple to get rid of the pmi. This month I will have paid my principle down to 78% then my mortgage will reduce by 30.
