Personal Finance News Wednesday 3/13

Phil's Personal Finance Tip of the Day:

Minn. Couple Paid Off $82,000 Of Credit Debt In Four Years
By Mandi Woodruff | Business Insider 

As a successful software engineer living in the suburbs of Minnesota, Travis Pizel never had an income problem.

With his wife, Vonnie, the couple pulled in a cool six figures each year, more than enough to provide for their two children and still take the occasional weekend getaway.

And if they couldn't afford something when they wanted it, Travis knew exactly where to turn.

As tales of debt often do, his began with one credit card that eventually became two credit cards, then three, and so on. A few years into his marriage, Travis had opened 13 lines of credit and was officially hiding the bills from his wife each month.

"I just stopped talking about how much [debt we were in]," Travis told BI. "Everyone else would go to bed at night and I would be trying to figure out how to move credit balances around, get new credit cards ... whatever it took to keep our finances going."

Within a decade, he amassed $109,000 worth of debt. 

To read the entire article from Mandi Woodruff | Business Insider:
http://finance.yahoo.com/news/minn-couple-paid-off-82-151902019.html

Inspirational Quotes@Inspire_Us from Twitter:

Although the world is full of suffering, it is also full of the overcoming of it. -Helen Keller

Hi my name is Philip J. Miano and I am the founder of PJM Personal Finance and Productivity Coaching specializing in Budgeting, Debt Reduction, Bank Reconciliations, Goal Setting, Time Management, and Organizational skills. Please visit my website: http://pjmcoaching.com