The Debt Diet

Credit.com: Debt Diet Challenge Week #4

As my Credit.com Debt Diet participants are finding out, sometimes the best way to get something done is through the buddy system. Whether it’s your spouse, friend or sibling, having someone who can give a little encouragement (or tough love!) is a key part of accomplishing any challenge — especially tackling debt!  To learn more about why it’s so important to have a buddy, check out my latest Debt Diet recap here. And, want to know how the participants are doing? See what they’re blogging about here!

Credit.com: Debt Diet Challenge Week #1

A couple of weeks ago, I chose five people through Credit.com to participate in the Debt Diet. Since then, I’ve been checking in with them once a week to monitor their progress and offer additional tips. And though it’s only been a few weeks, I think they’re making great progress so far. One participant finally sat down with her husband to make sure they were on the same financial page. Another refinanced her car — from 9.5% to about 4%! To read more about their progress, check out my most recent article here. And to read the participants’ personal accounts (they’re blogging, too!), check out this link. The Debt Diet Challenge is bound to be an interesting journey, so follow along!

Today’s Money: Debt Diet

This morning on Today I spoke with Ann Curry and Consumer Reports’ Mandy Walker about five ways you can stick to a debt diet. Check out the video clip below to learn more.

Visit msnbc.com for breaking news, world news, and news about the economy

What Is The Debt Diet?

The Debt Diet is a comprehensive program that will help you find $10 a day – in your current budget – to put toward paying down your debt. We’ll walk you through activities that will show you how to lower your interest rates and cut your monthly expenses. Once you have your extra money in hand, the Pay it Down! app, powered by DebtGoal, will show you how to put it toward your debt to dig out, once and for all.  With the help of this app, you’ll pay down your debt faster and save money on interest.

Watch the video below to learn more.

Got Questions?

debt-diet-video-answersWant to know more about the ideas and the people behind this program? Check out the green Got Questions? box to the right – it has links to some videos I made to answer key questions. And, after the jump, you’ll find answers to even more questions in text format. More…

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