The lack
of financial education is often the main reason behind debt problems. Here are some
awesome books that help grow your financial knowledge and give you all the
necessary tips and tricks to manage your debt.
Americans
are drowning in credit card debt. Families in the U.S carry $600 billion in card debt, Equifax, one
of the three credit bureaus, estimates. Millions of people looking for debt
relief are feeling helpless.
Debt-strapped
people should always keep themselves updated about the possible ways to get rid
of debt. These four great books filled with tips and effective strategies to
avoid and eliminate credit card debt can help you in a major way.
Building Wealth and Eliminating Debt. This exceptional book
by Charles Carradine is your ticket to financial prosperity. It discusses many personal finance issues in a comprehensive
manner. It is a literary manual which endeavors to improve your financial
condition.
The author
shares tips on a wide range of topics including avoiding debt, its impact on your
credit score and protecting yourself from credit card scams. Carradine says that
his aim is to educate the readers on how to stay clear to debt and correct poor
financial behavior.
How to Settle Your Debts without Committing FinancialSuicide. Author
Norman Perlmutter has the predicament of people who struggle with credit card
debt in mind. Being a “get-out- of-debt coach,” Perlmutter treats topics like
elimination of credit card debt, repairing of credit and reorganizing your
finances with considerable expertise. He lists the dos and don’ts when dealing
with creditors so that you can successfully settle your credit card debt and
avoid bankruptcy.
The Total Money Makeover. Your financial
education cannot be complete without reading this acclaimed book by Dave Ramsey.
The immensely popular financial expert suggests a slow but steady seven-step
strategy for you to attain financial freedom.
Ramsey advises
maintaining a rainy day fund of at least $1,000
and following a snowball approach to get out of debt. The
book also gives you 50 real-life examples as encouragement.
Life or Debt 2010: A New Path to Financial Freedom. This book by Stacy
Johnson is dedicated to helping the debt-stricken get back on their feet. Here,
Johnson discourses extensively on money management. He particularly emphasizes how
to avoid money traps that push you toward debt. His no-nonsense approach to
financial education will keep you from indulging in indiscreet use of credit
cards.
Financial
education is something that you cannot afford to slight,
particularly during times of debt troubles. You need to know all the possible
options available to keep yourself afloat. If you read the above books, staying
clear of debt and avoiding debt relief programs like debt
settlement and consolidation will be much easier.