Estes Valley LIbrary to host Break the 'Manacles' of debt workshop on Nov. 5
There are 3 comments on the Estes Park Trail-Gazette story from Nov 4, 2012, titled Estes Valley LIbrary to host Break the 'Manacles' of debt workshop on Nov. 5. In it, Estes Park Trail-Gazette reports that:" Manacles : metal band, chain or shackle for fastening someone's hands or ankles." That's a great noun for describing the restrictive power of consumer debt, vividly alluding to the confines of living under the overhang of credit card bills, car payments and student loans.
Join the discussion below, or Read more at Estes Park Trail-Gazette.
#1 Nov 4, 2012
They may mention this at the workshop, but the best way I've found to "break the cycle" is to transfer credit card debt to 0% interest balance-transfer cards to give yourself 18 or more months free of accruing interest. My personal strategy is to use the "Balance Transfer Credit Cards" area on the CreditParrot.com site and sign up for as many balance transfer cards as I can until I've eliminated all interest payments. Then when the 1.5 or more years end, I just sign up for new balance-transfer cards.
#2 Nov 5, 2012
Student debt is stunting the growth of the economy. Student loans have increased by 275% over past decade. As the next generation graduates from college, they are plagued by insurmountable debt that places demands on their income, limiting their ability to spend their earnings in ways that stimulate the economy.
#3 Mar 26, 2014
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