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Pamela, a 39-year-old wife and mother of two, got her own reality check when she sat down to total her credit card debt. Pamela originally thought she owed $60,000 and was shocked to find she really owed $79,000. "I wasn't honest to myself or my husband," she says.

Pamela says her debt is taking an emotional toll on her. "It's very embarrassing for me because I'm an accountant," she says.

So how did Pamela and her family get so deep into debt? "We started living a lifestyle that we were accustomed to and we could afford, and then we had children and we never changed our lifestyle," she says. "We kept living beyond our means, so here we are today."
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FROM: Best Life Week: Your Money Plan 2009
Published on January 22, 2009
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.

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