Project Money, Part 11 - WQOW TV: Eau Claire, WI NEWS18 News, Weather, and Sports

Project Money: Part 11

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MADISON (WKOW)--Just a few years out of college, Nick Mason began Project Money with tens of thousands of dollars in credit card and student loan debt.

After almost six months into his new money plan, Nick has saved more than $1,000 and paid off nearly $4,000 in debt.  But it hasn't been easy.

He has picked up a second job, so he's working a lot of hours.  But he's able to use that extra money to make bigger payments on his debt.

Emily Lane is Nick's Project Money coach. One of the first things she advised was consolidating his credit card debt into one payment. But, by far, his biggest burden is student loan debt.

Nick has come up with a strategy, focusing on his highest interest rate debt first.

Click the camera icon to watch our complete report.

Click here to keep track of Nick and the other teams' progress and to work out your own Project Money plan.

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