Jeff Rose, a certified financial planner and creator of the Good Financial Cents blog, has launched the Debt Movement along with ReadyForZero and other financial bloggers to challenge people to pay down $10 million of debt by April 30, 2013. To provide an incentive for people to pay off their debt, the Debt Movement will be awarding $15,000 in scholarships, in increments of $2,000, $1,000 and $500. To be eligible, you must join the movement and complete a debt scholarship application (learn more.)
DOWNLOAD: The Kip Tips iPad App
Rose created the movement because his dad struggled with debt and died owing money. He writes on his blog that he wants to help others struggling with the same issue. Since the movement was launched January 2, more than 900 people have joined and have already paid off more than $20,000 in debt.
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
If you need help paying off debt, Kevin Mulligan of Good Financial Cents suggests several online tools that can help. And here's a roundup of more great personal finance advice:
A Simple Strategy to Get Out of Debt for Good [PT Money]
"Make your debt goals public, and share them with your friends, family and community."
The Debt Destroyer Method: Tackling Your Debts One By One [Mint.com]
"If you vowed to pay off your debts and start living a more balanced financial life this year, we’ve got you covered. Here are the details one how to tackle your debts one by one."
How to Escape Reward Card Spending Traps [Wise Bread]
"Here are four tricks you can use to make sure you stay on top of your rewards card."
Best New Bank Account Promotions, Offers & Free Money [Money Crashers]
"Some banks are raising the stakes with cold hard cash, giveaways, and great interest-bearing products."
Why Are There So Few Special CD Offers, and Why You Should Jump on the Few Remaining Ones! [LearnBonds]
"Don’t think it's not worth shopping around just because overall rates are low."
-
What Is a Qualified Charitable Distribution (QCD)?Tax Breaks A QCD can lower your tax bill while meeting your charitable giving goals in retirement. Here’s how.
-
Embracing Generative AI for Financial SuccessGenerative AI has the potential to reshape how we approach learning about and managing our personal finances.
-
Five Ways to Save on Vacation Rental PropertiesTravel Use these strategies to pay less for an apartment, condo or house when you travel.
-
How to Avoid Annoying Hotel Fees: Per Person, Parking and MoreTravel Here's how to avoid extra charges and make sure you don't get stuck paying for amenities that you don't use.
-
How to Appeal an Unexpected Medical Billhealth insurance You may receive a bill because your insurance company denied a claim—but that doesn’t mean you have to pay it.
-
Amazon Prime Fees Are Rising. Here’s How to Cancel Your Amazon Prime MembershipAmazon Prime Amazon Prime will soon cost $139 a year, $180 for those who pay monthly. If you’re a subscriber, maybe it’s time to rethink your relationship. Here’s a step-by-step guide to canceling Prime.
-
How to Haggle for Almost AnythingSmart Buying Learning how to haggle is an invaluable skill. These strategies will help you negotiate a better price for just about any product or service.
-
Disability Insurance Can Provide COVID CoverageCoronavirus and Your Money If you are concerned about long-term complications from COVID-19, consider disability insurance coverage.
-
21 Things You Can't Return to Amazon — Either Online or In-StoreDid you know there are things you can't return to Amazon? Before tossing these items into your shopping cart, be sure to read Amazon's return policy first.
-
How to Avoid a Charity Scampersonal finance Scammers never quit, even when you're trying to be altruistic. But you can avoid getting duped if you do your homework.
