6 of 10
Half a million fans tune in each night to 107.5 WGCI, to listen to Victor Blackful, "The Diz," co-host of a popular radio show in Chicago.

Victor and his wife Michelle, a stay at home mom to their two daughters, are on the Debt Diet. "The week before [the first Debt Diet] episode aired," Victor says, "I was shaking my head, talking about, 'Where is our money going? We've got a pretty good living, why does it seem like we're living check to check around here?'"

Since starting the Debt Diet, Victor has been tracking his spending and finding simple ways to cut back. He also carries a notebook around with him everywhere he goes to jot down all of his daily expenses. He estimates that his new awareness alone saves him $500–$600 a month.

At the beginning of each week, Victor shares his money-saving secrets on air. Recently he had success playing the "credit card game."By calling and asking the credit card company to reduce his interest rate, Victor was able to transfer a balance with 30% interest to a 0% card, saving $500 a year.
PREVIOUS | NEXT
FROM: The Debt Diet: Part 5
Published on January 01, 2006
Please note: This is general information and is not intended to be legal advice. You should consult with your own financial advisor before making any major financial decisions, including investments or changes to your portfolio, and a qualified legal professional before executing any legal documents or taking any legal action. Harpo Productions, Inc., OWN: Oprah Winfrey Network, Discovery Communications LLC and their affiliated companies and entities are not responsible for any losses, damages or claims that may result from your financial or legal decisions.

NEXT STORY

Comment

LONG FORM
ONE WORD