A good place to start might be with Dave Ramsey's 'debt snowball' (from his 'Financial Peace' program). I have used it (as have others I know).
Though, they need more income on top of cutting spending - probably each need another part time job..at least. On Fri, Dec 16, 2011 at 12:58 PM, Cameron Childress <[email protected]> wrote: > > A friend of mine is in a bit of a financial pickle... > > Annual Income: $20,700/yr > Annual Expenses: $38,200/yr > ======================== > Put on Credit Card: $16,500/yr > > They now have credit cards totaling $142,710 (!!!) > > They plan cut down their annual expenses just under $400/yr next year. > > Advice? > > -Cameron > > ... > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:344743 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
