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Financial Literacy - Debt management
MONEY MAKEOVER
Debt and savings money plans
We help a young couple in debt. Plus: We check on the progress of two families profiled last year.
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Out of the red and into the black
Money makeover
Look inside
The profile: young and in debt
Student loans and credit card debt kept the Kellys going when they were in school.
The problem: living paycheck to paycheck
Faced with nearly $100,000 in debt, not including the mortgage, the Kellys want to get out from under it.
The plan: attack debt systematically
The Kellys should focus on credit card debt first, then on their other obligations.
Revisiting Lauren Heller
Last year's Money Makeover helped Lauren get a handle on her retirement savings.
Checking up on Wendy Reck
Bankrate helped Wendy find ways to chip away at her nagging debt. She made big progress!
View money makeover archive >>
TABLE OF CONTENTS
GROWTH OPPORTUNITIES
ESSENTIALS
ACTION
Debt management
Overview: debt
Take action
Spotlight
Poll: debt
Money Makeover
- The profile
- The problem
- The plan
- Follow-up: Lauren Heller
- Follow-up: Wendy Reck
Tools & resources
Identity theft
Retirement
Smart borrowing
Investing money
Credit savvy
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