Kathi and Steve have agreed to stop paying their adult son's bills.

7 of 9
 
With the help of Money magazine's Stephen Gandel, Steve and Kathi make a big dent in their debt.

During one phone call, the couple negotiates their credit card's interest rate from 29 percent to only 5.9 percent! Learn how you may be able to negotiate a lower rate on your credit card.

Kathi and Steve also decide to stop paying their 22-year-old's bills. That will free up $700 a month—money Steve didn't even know they were spending!

Thanks to their newfound funds, Kathi and Steve should have about $450,000 at retirement.
PREVIOUS | NEXT
FROM: This is the Year to Get Richer!
Published on January 01, 2006

NEXT STORY

Comment

LONG FORM
ONE WORD