There’s no question that debt can be overwhelming — not just financially, but also emotionally and psychologically. It’s just not easy to relax and enjoy life when in the back of your mind you’re constantly worried about the next phone call from a creditor or how you’re going to pay $1,000 of next month’s bills with only $250 in the checking account.
There’s good and bad reasons why Americans have gone into debt to a degree that goes beyond imagination. Education and healthy care – two of the most important parts of our lives – have reached a point where loans are necessary for almost every household. In addition to the excessive cost of school expenses and out-of-pocket medical expenses, an extremely challenging economy and weak job market make it all the more difficult to avoid sinking deeper and deeper into debt.
As if this wasn’t enough, we sometimes become our worst enemy when we’re feeling anxious about our expenses. The short-term endorphin boost of going out and shopping the day away will make you feel better until the reality sets back in. That behavior of spending to feel better is a hard one to break but not impossible.
Though the resource, found below, will not magically solve your debt problems and bring your checkbook and life back into balance, it is an excellent starting place. The good news is, simply deciding now is the time to get out of debt is probably the biggest step you’ll have to take. Learning how to manage finances, creating a budget, devising a payment plan with a large creditor, are skills anyone can learn. Further, there are debt counselors and debt recovery firms that can assist you and accelerate your learning curve.
Created by, Optimal Debt Solutions