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Financial Literacy - Debt management Click Here
MONEY MAKEOVER
Debt a survival tool
Student loans and credit card debt kept them going when they were in school.
Out of the red and into the black
Leah Kelly
Profile: Leah Kelly
The problem:
Leah and Lamar wish to relieve themselves of debt.
The plan:
They can systematically pay it off and begin building wealth.
  Money makeover: Profile

The profile
Leah Kelly, 29, and her husband Lamar, 30, have two children: ages 1 and 3 years old. After nearly completing her degree in accounting, she decided to stay at home with her newborn daughter. Result: She had $30,000 in student loan debt and was unemployed.

Leah started a child care business while Lamar was finishing school. The couple lived off of credit cards and student loans. Now Leah's business is taking off and Lamar has graduated and has a well-paying job. Their household income approaches six figures. Still, their debt burden is worrisome. Altogether the Kellys owe more than $60,000 in student loan debt alone.

The problem  



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