Debt
The Debt Diet: New Tools to Help You Pay it Down
Posted by Jean
About a week and a half ago, I released a new version of my best-selling book, Pay it Down! The updated version still includes my tried-and-true Rx for getting out of debt on $10 a day, but it also takes into account the changing times, including the CARD Act of 2009, a tighter credit market, and your tighter wallet. Even if you’ve read it before, there’s enough new that you may want to think about reading it again.
But I also took it a step further, and developed an online program, The Debt Diet, that launches today on this website.
Let me give you a bit of history: Several months ago, I met with Dr. Jim Prochaska, who founded a company called Pro-Change Behavior Systems. Jim explained to me that people go through different stages of readiness before they can change their behavior. In fact, research shows that up to 80% of people are not ready to take action right away. This is something I’ve seen again and again in my years of working with people and their money – if you’re not ready to make a change, that change is not going to stick.
So The Debt Diet, developed in conjunction with the folks at Pro-Change, is different. Whether you’re surrounded by bills and too overwhelmed to open them, or you’re already in the process of paying down your debt, this program will cater to your stage of change. You’ll go through activities to help you find your $10 a day. You’ll learn how to get the most out of that money. And, once your debt is gone – or if you weren’t in debt to begin with – you’ll learn how to build up a healthy cash cushion so credit cards aren’t your only option in an emergency.
I hope you will take a look at The Debt Diet and sign up today! And if you like it, you may also benefit from Pay it Down, which you can read more about here.
COMMENTS | 2 comments so far
New! 
Better credit in 120 days, powered by Smart Credit
New! The Debt DietTM
Become debt free on $10 a day with this online program that works with your readiness to change.
I believe knowing how to manage our money is one of the most important life skills for adults - and even more important to pass on to our kids.
A reference guide for money issues that has been carefully indexed so you can flip to the section you need and absorb the information.
In this updated edition, I give you up-to-date strategies to help you get out of debt within three years.
Yesterday I signed up and put my first $10 in a special wallet.l now want to know, each day when I want to put in another $10, where does it come from? I want this to succeed very much.
I want you to succeed very much, too. The easiest way to do this is to leave your fingers off the money completely. By not spending the money each day at the end of the month you’ll have $300 or $310 that you wouldn’t have had before sitting in your checking account. Take that and add it to the payment you’d normally make to the credit card in your wallet with the HIGHEST rate of interest. Then repeat that cycle. When you’ve wiped the card with the rate clean, move to the card with the second highest rate of interest and so on. When they’re all clean, you’ll be ready to start saving the money (and later investing it) for your future. GOOD LUCK!!