Book summary

The overwhelming amount of debt that American families carry is staggering, and some say it is a fault line in the economic health of the country as a whole. That may or may not be true, but personal debt is certainly devastating to many families, a running sore that seems to have no cure. In PAY IT DOWN!, Jean Chatzky, who has reported on personal finance for both the TODAY SHOW and Money magazine, comes to the rescue with a practical plan for families to erase debt: Chatzky believes that only 10 dollars a day is what it takes. Her encouraging tone helps a lot, as she guides readers in staying focused on goals and good habits. She also shows that there are ways to lower the rates paid in interest. With these and other money strategies, Chatzky shows families how to move from hopeless paralysis to healthy action.

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