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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

Liz Pulliam Weston

MSN Money columnist and author

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News

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!

Virtual Debt be Gone

Virtual Debt be Gone

We all know struggling with debt is hard—made even worse by the high gas prices, cost of food, and personal affects such as shoes and purses. OK, maybe we could live without the last part of that, but most ladies can attest that it’s difficult! In an effort to help women curb their spending and lower their debt, some readers of MSN’s Women in Red column formed a group called Women in Red Racers.

The idea behind the group is that a woman will race against herself to pay off her debt, while the other Red Racers do the same to help support one another. It’s an online community where members are required to post how much they owe and provide regular updates on their progress or slips. Those who fail to update are removed from the active list, so it really provides a sense of accountability to those who are serious about getting out of debt.

Ladies, what do you think? Is group support something that would help motivate you, or would you feel uncomfortable posting your success and failures? [MSN]

Posted: 7/18/08
trickiniki360

My debt is overwhelming! Basically from a lot of men either leaving me stranded and being unmarried or me just being stupid in my youth. Is there a place that can help? One that wont rob me and put me in further debt? Thanks, Niki