Jean Chatzky Quotes

One thing I want to make clear: You never want to hide from your debts. It doesn't work.

To suggest that we can't pay our debts - that's absolutely not true.

Everyone in our society has had to make a contribution towards dealing with the debts.

When you borrow money, you should always think how you're going to pay it back.

Families out there know that if they get in trouble and they've spent up a bunch of money and they've borrowed and they are up to hock to their necks, the thing they've got to do is start paying off what they owe and cut back their spending.

It wasn't until I stood in my truth and told everybody that I had $250,000 in credit card debt. At that point, everything turned around for me. I had to reveal the truth about what I didn't have, more than pretend about what I did. That was interesting.

If you have a debt issue or credit card issue, start dealing with it. If you have a tax issue, don't just say, 'I'm not going to file.' There are ways to deal with these things, but you must communicate with your creditors, whether it's a credit card company or tax department.

You know, we've got to be responsible about our debt. We don't want the United States to ever be a dead beat, and not be able to pay its bills, either to our soldiers who are fighting or to Social Security recipients.

The most important loan to pay is your student loan. It's more important than your mortgage, car and credit card payments. You cannot discharge student loan debt in the majority of cases.

A penny saved is not a penny earned if at the end of the day you still owe a quarter.

There are lots of families who - who make irresponsible purchases. There are also a lot of families who have debt on credit cards because they use those credit cards to pay for medical bills.

The answer to too much debt is not more debt; it is less debt.

You wait till the money is there before you give it back.

It is incumbent on every generation to pay its own debts as it goes. A principle which, if acted on, would save one half the wars of the world.

The reason we vote on the debt ceiling is to pay for past spending. It has nothing to do with what we are going to spend. What you are really saying is “I’m sorry, I am so mad that I don’t want to pay my past debts.”

The restructuring theme can be of various kinds. Some amount of debt gets serviced out of cash flows, some gets back-ended and resolved with sale of non-core assets of the company, and some debt gets converted into equity which might today look like a haircut.

I often say that paying off your debt is like dieting. There are no miracle cures; it takes discipline and hard work.

We borrowed money to fight the Revolutionary War, and so there was a debt owed. We paid it. If we have done that for 235 years, if we have done it ever since this country has existed, we can do it again.

Will I be sensible and pay off the mortgage? Not a chance.

A gentleman pays his debt within a week or two.

I promise not to take my thousands of dollars in student loan debt and move to Mexico. At least not right away.

What I'm most proud of is that I paid off all the debts of my household.

You really don't need to hire a debt settlement company to negotiate with your creditors.

To contract new debts is not the way to pay old ones.

Debt settlement companies work as a middleman between you and your creditor. If all goes well (and that's a big if), you should be able to settle your debts for cents on the dollar. You'll also pay a fee to the debt settlement company, usually either a percentage of the total debt you have or a percentage of the total amount forgiven.