Martina Beverly MSW First Business News Interview Channel 26 Chicago 2012 04 25

Download videos:

Financial expert Martina Beverly's interview for the cover story "Debt Priorities" for First Business News by Mr. Chuck Coppola. Martina Beverly's presentation as a Money Smart Week Partner with the Federal Reserve Bank of Chicago during the 10th Anniversary of Money Smart Week broadcasted from the American InterContinental University by Channel 26 on April 25, 2012. - Money Smart Week explained: "Money Smart Week® is a public awareness campaign designed to help consumers better manage their personal finances. This is achieved through the collaboration and coordinated effort of hundreds of organizations across the country including businesses, financial institutions, schools, libraries, not-for-profits, government agencies and the media. These groups come together once a year to stress the importance of financial literacy, inform consumers about where they can get help and provide free educational seminars and activities throughout the week. Programming is offered to all demographics and income levels and covers all facets of personal finance from establishing a budget to first time home buying to estate planning. The effort was created by the Federal Reserve Bank of Chicago in 2002."

Either way, one must choose a system to pay off and stick with it. Years ago, I had over $140K in debt, mostly from sending my children to college and buying a house. Now the house is paid and almost everything else is, also.
Good advice, although I followed Dave Ramsey's idea of paying off the smallest first and it worked for us.