Drowning In Debt
Drowning in debt? 5 steps to take
Debt is a serious thing. The average American family has about $16,000 worth of credit card debt, and that doesn’t include mortgages. Part of the reason for our rise in debt is that we always have to have the latest thing – be it technology, clothes, cars etc. The problem is that our desires grossly outweigh our paychecks.
1. Figure out how much debt you have
It seems like a simple enough thing, but figure out how much debt you have. Some people know they’re in debt, but don’t know by how much. That’s not helpful. You can’t combat the problem until you know what you’re dealing with.
2. Consolidate credit card debt
If you have numerous credit cards try and consolidate them. Credit cards have a high interest
Debt is a serious thing. The average American family has about $16,000 worth of credit card debt, and that doesn’t include mortgages. Part of the reason for our rise in debt is that we always have to have the latest thing – be it technology, clothes, cars etc. The problem is that our desires grossly outweigh our paychecks.
1. Figure out how much debt you have
It seems like a simple enough thing, but figure out how much debt you have. Some people know they’re in debt, but don’t know by how much. That’s not helpful. You can’t combat the problem until you know what you’re dealing with.
2. Consolidate credit card debt
If you have numerous credit cards try and consolidate them. Credit cards have a high interest