The Debt Trap

Cruising the net this weekend, I came across a great money series in the New York Times called "The Debt Trap." It's a series on consumer debt and the lenders that make this possible.

There are videos, tools and calculators that show you where your debt stacks up to the rest of America. The series starts off with a video of how Diane McLeod accumulated $280,000 in debt. I found it heartbreaking that people end up here.

You've got to get educated on how to handle your finances. Stop and ask yourself, who and where did you learn about money? . . . . . Times up. If you are like most people, you can't really point to a time and place in your life where educated about finances.

Here's a fantastic resources for you. The Total Money Makeover by Dave Ramsey. If you don't want to purchase it, then go to your local library. No matter where you are in your financial life, this book has something for you.