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AARPMoney Twitter Chat Wrap: Lynnette Khalfani-Cox

Posted By Deb Silverberg On January 10, 2012 @ 5:41 pm In Money Talk | Comments Disabled

This is a guest post by Tara Finnegan Coates, editor for money and work content on AARP.org [1].

[2]Thanks to everyone who had a chance to participate in our twitter chat Tuesday with AARP money expert Lynnette Khalfani-Cox  (@themoneycoach [3]).  Lynnette is currently hosting  the AARP Pay Down Your Debt Challenge [4] through Jan. 29 on AARP.org.

In case you missed it, here’s some of the highlights from the chat [5].

  • Americans racked up $20B on credit cards in November.
  • Total debt (housing included) should probably be kept to 36% or so of income to stay in a “safe” zone
  • The APR on a loan is really just the true overall cost of credit: the interest rate charged plus the fees involved.
  • Good debt=mortgage, student loans, biz loans. Bad debt=credit cards, auto loans.

For more tips and a chance to win prizes by sharing your debt and money lessons on AARP, sign up for the Pay Down Your Debt Challenge [6]. View a video message from Lynnette below.

YouTube Preview Image [7]

Article printed from AARP: http://blog.aarp.org

URL to article: http://blog.aarp.org/2012/01/10/aarpmoney-twitter-chat-wrap-lynnette-khalfani-cox/

URLs in this post:

[1] AARP.org: http://www.aarp.org/

[2] Image: http://aarpblog.files.wordpress.com/2012/01/200-lynette-debt-challenge-imgcache-rev13244122061511.jpg

[3] @themoneycoach: https://twitter.com/#!/themoneycoach

[4] AARP Pay Down Your Debt Challenge: http://www.aarp.org/money/credit-loans-debt/pay-down-your-debt-challenge/

[5] chat: https://twitter.com/#!/search/%23debtchat

[6] Pay Down Your Debt Challenge: http://www.aarp.org/money/credit-loans-debt/info-07-2011/debt-challenge-get-started.html

[7] Image: http://www.youtube.com/watch?v=_nRHJrpQiEQ

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