August 26, 2010 3:29 PM
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Credit Card Debt: Attack Your Financial Bed Bugs
(MoneyWatch) My mother-in-law is obsessed with bed bugs. While she's never encountered one, the idea of the critters makes her nuts and so she reports in with the location and magnitude of every outbreak across the country.
Despite my initial repulsion with the topic, it did help me discover an apt analogy: credit card debt is the bed bug infestation of one's financial life. After all, bed bugs and credit card debt are hard to eradicate, keep you up at night and often leave scars. Here's an episode of Editor-At-Large where I try to help spray a little DEET on the problem at hand.
Despite my initial repulsion with the topic, it did help me discover an apt analogy: credit card debt is the bed bug infestation of one's financial life. After all, bed bugs and credit card debt are hard to eradicate, keep you up at night and often leave scars. Here's an episode of Editor-At-Large where I try to help spray a little DEET on the problem at hand.
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Jill Schlesinger Jill Schlesinger, CFP®, is the Editor-at-Large for CBS MoneyWatch. She covers the economy, markets, investing or anything else with a dollar sign. Prior to the launch of MoneyWatch in 2009, Jill was the chief investment officer for an independent investment advisory firm. In her infancy, she was an options trader on the Commodities Exchange of New York.
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