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Bankruptcy: The Power of the Clean Slate

It doesn’t take many clicks online to find writing and advice on how to shape up your finances, even First30Days has a great financial advice section found here. There are...

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Dave Ramsey

Dave Ramsey

Host of "The Dave Ramsey Show" on Fox Business Channel and...

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Scott Bilker

Scott Bilker

Author and creator of DebtSmart.com

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Liz Pulliam Weston

MSN Money columnist and author

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The latest news on this change — carefully culled from the world wide web by our change agents. They do the surfing, so you don't have to!

Debt Freedom Day

In the United Kingdom it takes roughly 70 days of salary to pay off one’s debt thus making March 10th Debt Freedom Day. But of course this considers that salary is only spent on reducing debt and not the cost of living! With interest rates going up, this year it’s taking people two months longer to pay off interest before they start actually paying off their debt. That being said, it’s no surprise that research suggests that Brits spend about 13 billion hours a year worrying about the money they owe.

Myfinances.co.uk covers the story.

 

Posted: 3/13/08