It
is no wonder in these economic
times that an estimated 70%
of households in the United
States live paycheck to paycheck
with no relief in site. In an
effort to make ends meet, consumers
continue to use credit cards
to fill the necessary gaps.
According to the most recent
research, the average household
spends $1.22 for every $1 earned
(MyVesta) and the average household
credit card debt is at an all
time high in this country of
$8400 (Cardweb)! "At one
point I had over 18 credit cards
all that were at their maximum
limit. This shock came after
filing for a divorce to an addictive
gambler. To my horror, I discovered
I was facing $50,000 of cash
advances that were used to feed
his gambling addiction. The
judge felt it was only fair
to split the debt and I wound
up $25,000 in debt at the age
of 22. How is it, I wondered,
that my husband could make me
an authorized signer, without
my knowledge, and make me responsible
for his debt? Despite my best
attempts at fighting this, I
wound up $25,000 in debt! I
vowed at that moment to never
make such foolish financial
choices again. That was nearly
15 years ago, and even though
I accumulated more debt by returning
to school along the way, I’m
now and forever more completely
debt-free." states Kimberly
Griffiths, author of a new book,
One Paycheck at a Time.
The author further reveals,
"Ironically for over 12
years I worked as a Banker marketing
credit cards and loans with
huge fees to customers. From
this experience, I stumbled
onto to a system that seemed
to help me become debt free.
One Paycheck at a Time is not
an auto-biography of how I reached
debt-free status; rather, it’s
a workbook to help you get out
of whatever debt YOU are facing
by mastering one debt-free technique
each pay period. If I managed
to pull myself out of over $25,000
in debt with the tools I learned
over the years, you can do it
too. The workbook has been arranged
in a personal journal format
so that the reader customizes
the budget exercises in collaboration
with the timing of their paychecks."
One Paycheck at a Time, a 200
page workbook, contains budget
management exercises for an
entire year of paychecks. The
author, Kimberly A. Griffiths,
has been through the vicious
cycle of debt herself, and provides
a no-nonsense system to managing
your money paycheck to paycheck.
You customize the journal based
on your pay schedule and learn
the necessary tools for making
ends meet. |
