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Today, people struggling with debt have far fewer options: lenders are stingier, which makes it harder to avert disaster, or to recover from setbacks like foreclosure, short sales, or bankruptcy. (Meanwhile, people with good credit have more options than ever, including some of the lowest interest rates in decades.) Debtors need an up-to-date guide that can help them assess options, find help, discover opportunities, and take action that works. Liz Weston's Deal with Your Debt, Updated and Revised Edition is that guide. In this extensively updated guidebook, Weston shows which debts can actually help build wealth over time, and which are simply toxic. She presents up-to-date, real-world strategies for assessing and paying off debt, including money-saving insights on which debts to tackle first. She also offers practical guidelines for assessing how much debt is safe -- and compassionate, realistic guidance for people who've gone beyond the safety zone.
In There Are No Dumb Questions About Money, nationally-renowned personal finance journalist and best-selling author Liz Weston answers your most pressing questions, helping you navigate today's more-complicated-than-ever financial world. Through real-life reader questions and clear, to-the-point answers, Weston shows how to manage your spending, figure out what you can and can't afford, and choose the smartest ways to pay off your debt. You'll discover why most investment strategies don't work, and identify better ways to save for retirement. But you'll also learn to handle the trickier, emotional side of money: how to avoid fights with your partner, deal with spendthrift children or parents, and spot con artists or lousy advisors before you get robbed. Using humor, keen insight, and time-tested financial planning principles, Weston can help you wrangle your money into shape -- and find your own path to financial freedom.
Deal With Your Debt
Introduction xvi
Chapter 1 Isn’t Debt-Free the Way to Be? 1
Chapter 2 Your Debt Management Plan 15
Chapter 3 Credit Cards 39
Chapter 4 Mortgages 63
Chapter 5 Home Equity Borrowing 85
Chapter 6 Student Loans 99
Chapter 7 Auto Loans 119
Chapter 8 401(k) and Other Retirement Plan Loans 133
Chapter 9 Loans You Don’t Want to Get--or Give 147
Chapter 10 Dealing with a Debt Crisis 159
Chapter 11 Putting Your Debt Management Plan into Action 177
Index 195
There Are No Dumb Questions About Money
Introduction 1
Chapter 1 Balanced Budget, Balanced Life: Setting Your Financial Priorities 5
Chapter 2 Slay the Debt Dragon 21
Chapter 3 Burnish Your Credit Score 39
Chapter 4 Couples and Money 59
Chapter 5 Family Money: Keeping the Financial Peace 75
Chapter 6 How to Stop Working Someday: Saving and Investing for Retirement 89
Chapter 7 Protect What You Have 105
Chapter 8 Identity Theft 117
Chapter 9 Home Sweet Home: What You Need to Know About Real Estate 127
Chapter 10 Pay for College Without Going Broke 145
Chapter 11 Find an Advisor You Can Trust 165
Chapter 12 At the End: Caring for Elders and Planning Your Estate 173
Index 191