Trouble For Gen X, 29 Ways You're Tossing Cash, Beating $52,000 In Credit Card Debt

Monday, June 18, 2012 How This Couple Beat $52,000 In Credit Card Debt On their fifth wedding anniversary in July 2002, Scott and Jacynta Harb were broke and living off credit cards. Their 10th anniversary proved even worse: They were still broke but by then had racked up $52,000 in credit card debt. That's right around the time that Scott realized that the suburban Atlanta couple had hit rock bottom, debtwise. The Harbs, who have three children, had been using their cards for household expenses while Scott started his own small business, but the debt had spiraled out of control. The only way out was to do something radical: eliminate all spending. Bad News For Generation X Rich Parents Cutting Off Kids Port Authority Cop Rakes In $180K In Overtime Pay 29 Ways You're Throwing Away Your Money 10 Things Divorce Lawyers Don't Want You To Know BLOG POSTS Tiziana Dearing: Our Loss in Wealth Shows We're All in This Together If you live in America, and not under a rock, you probably heard that the Fed announced earlier this week that U.S. wealth fell nearly 40 percent from 2007 through 2010. Credit.com: Does Carrying a Balance Help Your Credit? Should you pay your entire credit card bill every month? Or does it give your credit score a boost to leave a small balance month after month? LearnVest: The 5 Greatest Money Lessons I Learned From My Dad My Dad definitely took his frugality overboard at times--like when my parents bought a pick-up truck and he asked my mom to drive it around with the tailgate down because it got better gas mileage. Rep. Dennis Kucinich: Time Is Running Out to Protect Students Overburdened by Debt Congress can and must find a way to defend the needs of today's college bound students without punishing hard-working Americans. As the days tick away, middle-class students and parents are becoming increasingly nervous that they will not be able to afford a quality education. Brian Tolle: Talk Your Way to Greater Team Productivity Pop quiz: Do you know for a fact the preferred communication style of each of your team members? If no, then you're not as productive as you can be.

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