I typically use this column each week to answer the questions that you send to me. However, given the fact that today is the day many of us are thinking about our resolutions for the coming year, I thought I'd write about the Six Steps to Financial Freedom and Peace of Mind. Most people will never be rich, but being free from financial worries is attainable by just about all of us.
Few things can bring as many worries to a family as financial debt.
Banks, credit card companies, retailers and the like are always good about loaning the money, but the funny thing is, they want the money paid back. If you have trouble with credit cards, get rid of all but one. The major card you keep should be for true emergencies and should be left at home. Forget consolidation loans. If you've got tons of debt, you don't have a problem with too many credit cards, you have a problem with spending.