• 4 Ways Debt Can Affect Your Life
    Credit,  Money Matters

    4 Ways Debt Can Affect Your Life

    Everyone will encounter debt at some point in their life. It may happen right after college, being overwhelmed with the thousands upon thousands of dollars in student loan debt, or it could be from consistently frivolous spending for things you didn’t need, and don’t use even now. While some people can manage their debt, not everyone can do so, and this could severely impact and affect their life in many different ways. You Are Stressed Money worries are one of the critical components of stress, and from stress comes anxiety and depression, creating a vicious cycle that can feel almost impossible to escape from. This stress is compounded with interest…

  • 8 Signs Debt Is Becoming A Major Issue
    Credit,  Money Matters

    8 Signs Debt Is Becoming A Major Issue

    It’s fair to say that debt has become normalized in modern society. The statistics back this up: according to CNBC, the average person is carrying around $38,000 in personal debt – a figure that does not include home mortgages – and less than 30% of people can say that they have no debt. As a result of the above, it’s not uncommon for debt to just seem… fairly mundane. Part of life. Not something to be worried about. However, there is a big difference between debt that is controlled and being repaid, and debt that has spiralled into something more and become a Problem, capital P and all. Given the…

  • Facing Up to Debt
    Money Matters

    Follow These Steps When Facing Up to Debt

    Facing up to debt can be incredibly difficult. In fact, it is often the most challenging part of the entire process. It can be hard to admit the situation you have gotten yourself into, and most people prefer to bury their head in the sand. However, once you face up to the debt you have gotten yourself into, and put a plan into action, you will feel much better. The first thing you need to do is get a full understanding of the situation you are in. This is the painful part. Don’t simply make a rough estimate: you need accurate figures. Go into your online bank accounts for all…