Debt

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, Debt Diet Online, 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 Debt Diet Online, 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 Online and sign up today!  And if you like it, you may also benefit from Pay it Down, which you can read more about here.