One blogger's cautionary tale about credit card debt and how to pay it off

Tricia lives on the Michigan peninsula, a rural area with an abundance of trees but few jobs. She's 29, married, the mother of a 4-year-old son, a college graduate (in forestry) and a homeowner.

She and her husband have a negative net worth of $48,477.

That means when you subtract their debts from their assets, they still owe $48,477. How do I know this?

Although Tricia is soft-spoken she has posted the family assets and liabilities on the Web. She also posts a monthly tally of her main focus, their credit card debt. As of July 21, it was $29,999, down from $37,614 in early February.

Read more at: Blogger's Credit Card Debt

You can check this by visiting Tricia's Web log, www.bloggingawaydebt.com.