What would you tell the 30-year old divorcee with 30k of debt?

Jason writes: I'm 30. Just divorced. Not fun. $30k in debt. Freaking me out. I have an old 401k that I rolled over from a previous company into Sharebuilder. Value $8,500. I'm very inclined to withdraw the cash with penalty and pay off a higher interest credit card (13%). I know that mentally and emotionally it will make me ...

Announcing the Scrooge Strategy: Premium savings tips

Today I'm thrilled to announce something new called The Scrooge Strategy. In November 2008, I launched the Save $1,000 in 30 Days Challenge, where I offered ultra-tactical tips to save money and earn money using on credit cards, gas, automated savings techniques, and more. (See all the tips.) It turned out to be a huge success. Tens of thousands ...

Tip #30: How I’m saving $25,000+ in 2009

This is Tip #30 of of the Save $1,000 in 30 Days Challenge. (See past tips.) Today, on this last post of the Challenge, I decided to write down some of the ways I'm saving money in 2009. Alone, each doesn't seem like much. Together, they add up to a rough estimate of about $25,000 of savings in ...

Tip #29: Stop being a loser and pay money to save money

This is Tip #29 of of the Save $1,000 in 30 Days Challenge. (See past tips.) Today's tip is to spend money on things that will save you money in the long term. Too many people think that "saving money" is about cutting costs relentlessly until they can cut no more. And then...what? Who wants to live like ...

My Free Insider's Kit will show you how to earn more money

Tip #28: Use price-protection guarantees to always get the lowest price

This is Tip #28 of of the Save $1,000 in 30 Days Challenge. (See past tips.) Today's tip is to use a featured called "price protection" whenever possible, which lets you protect yourself from price drops. In plain terms: If you buy something and the price goes down, the company will refund you the difference. Price protection is something ...

Tip #27: Use barriers to prevent yourself from spending money

This is Tip #27 of of the Save $1,000 in 30 Days Challenge. (See past tips.) Today's tip is to use barriers strategically to save money. It comes from Liz Steihart of Los Angeles, CA: With regard to all emails from retailers or etailers: remove yourself from their daily or weekly email lists. I don't care if you love ...