Despite glum financial forecasts, many families are taking the challenge head on — making sacrifices and implementing cost-saving strategies. Melissa Tarun, mother of two from Helotes, Texas, painlessly whacked around $1,700 from her family's annual budget. Cuts included:
Melissa says, "Our 'sacrifices' really aren't that at all. I mean, we gave up a "premium" channel! And a redundant satellite radio system." ...(continue reading)
Financial educator and author Alvin Hall took your questions on personal finance and debt on Friday, November 21, 2008.
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Trouble viewing this video? Check out the YouTube version (click "watch in high quality" for best quality).