
Lucretia is the founder of FinancialFreedomforWomen.org. A graduate of Cornell University, she spent her career at IBM.
LIKE MANY AMERICANS, Sally found herself caught in a whirlwind of unexpected expenses and mounting credit card debt. It wasn’t lavish vacations or shopping sprees. Rather, it was veterinary bills for her aging dogs.
I conducted a credit-card debt-reduction workshop for Sally. Here’s a glimpse at her finances:
Her Mastercard balance was $12,970 at a hefty 17% interest rate.
Despite that, she had an exceptional credit score of 820.
She also had a $26,000 emergency fund.
WHEN MY FATHER DIED, my mother moved to be closer to me. I didn’t know anything about Medicare, but I knew she needed health-care coverage.
I would call up Medicare and ask questions, and the phone reps would read me a script. I’d ask another question and they’d read me the same script. Rephrase the question, and I’d get the same useless scripted responses.
I had no idea about the difference between traditional Medicare and Medicare Advantage.


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