FIRST THE market - and your portfolio - nose- dived," says Financial Planning Perspectives. "Then the economy softened, then came Sept. 11, then you lost your job.
"Many Americans are experiencing something they haven't suffered with for a long time - financial tough times and increasing debt."
How do you get out of mounting debt? The newsletter suggests:
"Stop the bleeding; cut spending. This is tough because one thing most consumers like to do is - spend. ...
"Stay away from credit cards, the biggest cause of debt problems. Switch debts on expensive cards onto a single card with a lower rate. ...