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Family and Money Matters: Your Debt Challenge
Posted By Tara Finnegan Coates On January 2, 2013 @ 10:37 am In Money Talk | Comments Disabled
The saying goes: “A fool and his money are soon parted.” But even folks who pride themselves on being financially savvy sometimes have trouble saying ‘No’ to lending money to family and friends – even when they can’t afford to do so.
Money can ruin all kinds of relationships – from friends, to family members to marriages. When lending money goes bad, someone winds up paying the debt. And unfortunately, it’s not always the person who borrowed it, but the person who loaned it.
From Jan. 2-27 AARP money expert Lynnette Khalfani-Cox  is going to be talking about money and relationships in the Pay Down Your Debt Challenge. In addition to giving some sound advice on how to talk to family about money , Lynnette will be talking about:
During the Pay Down Your Debt Challenge,  Lynnette will ask the AARP online community  to start taking steps to repair their credit, talk about finances with their loved ones and how to recover from past money mistakes. Members of the Pay Down Your Debt group can win weekly prizes as well as a chance to win overall prizes of $2,000, $1,000 and $500 gift cards. (Read our contest rules  for details)
Here’s to starting the new year debt-free and in control of your money, and your relationships. Get started on the Pay Down Your Debt Challenge .
Article printed from AARP: http://blog.aarp.org
URL to article: http://blog.aarp.org/2013/01/02/family-and-money-matters-your-debt-challenge/
URLs in this post:
 Image: http://blog.aarp.org/wp-content/uploads/2012/12/80-Debt-Challenge-Icon.imgcache.rev1310583540105.jpg
 See also: Tell us about your family loan gone bad: http://www.aarp.org/online-community/groups/index.action?slPage=showDiscussionPost&slGroupKey=fbe73ab6-fff5-4ae0-8003-dcff56a6b16d&slForumPostKey=Cat%3AprivateForum%3A19ce1ba4-11c6-49ac-894e-67052ccb1c53%40D%7C9%3B36%7CCommGroupfbe73ab6-fff5-4ae0-8003-dcff56a6b16d%7CDiscussion%3Ab49ae073-7baf-47ba-b4bd-144e46b76185&onPage=1
 AARP money expert Lynnette Khalfani-Cox: http://www.aarp.org/money/experts/lynnette_khalfani_cox/
 talk to family about money: http://www.aarp.org/money/credit-loans-debt/info-12-2012/lending-money-to-family.html
 divorce affects your credit: http://www.aarp.org/money/credit-loans-debt/info-12-2012/protect-your-credit-in-divorce.2.html
 co-sign: http://www.aarp.org/money/credit-loans-debt/info-12-2012/loans-to-never-cosign-slideshow.html
 debts: http://www.aarp.org/money/credit-loans-debt/info-12-2012/debts-worth-paying-quiz.html
 Pay Down Your Debt Challenge,: http://www.aarp.org/money/credit-loans-debt/pay-down-your-debt-challenge/
 AARP online community: http://www.aarp.org/online-community/groups/index.action?slGroupKey=fbe73ab6-fff5-4ae0-8003-dcff56a6b16d
 contest rules: http://www.aarp.org/money/credit-loans-debt/info-07-2011/paydowndebtrules.html
 Pay Down Your Debt Challenge: http://www.aarp.org/money/credit-loans-debt/info-07-2011/debt-challenge-get-started.html
 Image: http://www.youtube.com/watch?v=ZQ6uA99XJz4
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