Save for your goals. Take note of what's coming your way - vacations, the holidays, what ever is going to cost you money - and start saving ahead of time so that you have a stash when the time comes.

If you default on an unsecured debt, you won't lose anything (except points on your credit score).

The Bankruptcy Reform Act of 2005 made it harder for individuals to file bankruptcy, which is always the last resort. Unfortunately, simultaneously consumers racked up so much debt that counseling companies - which are higher up on my list if you need help managing your debt - are sometimes unable to help. So if you fall into this camp, debt settlement may be something to consider.

It's not about having it all. It's about having what you value most.

Even in the days of the tightest credit in 2008, HELOCs [ home equity line of credit ] and home equity loans were being made.

You can have a do-over starting today. But you have to get over the feeling that it's too late

If you have even a smidgen of doubt that you'll be able to stay away from racking up additional debt, don't do it.