Are you burdened with debt? You're not alone...
Debt is a problem across the board. Research shows that around 80 percent of baby boomers, Gen Xers, and millennials are in debt. The cause of all this debt is complicated, but getting out of debt doesn’t have to be. Whether you’re struggling with student loans or ready to finally pay off your mortgage, let’s look at helpful strategies for freeing yourself from the burden of debt.
Where Did All This Debt Come From?
Having debt is so common that it’s almost become the norm. But having an average of $17,000 in debt per household isn’t normal. Mortgages, auto loans, credits cards, and many other seemingly unavoidable necessities add to the burden every year. This article from GOBankingRates examines the cause of the ever-increasing debt we face and what will happen if we don’t find a way to reverse the problem.
10 Easy Ways To Pay Off Debt
It’s not easy to pay off debt that’s gotten out of control. There comes a point when those numbers are just too big to fathom and it feels like a hopeless cause. But no matter what struggles you face or how much you owe, it is possible to live debt-free again. And you don’t have to fake your death to do it! Read up on these simple, effective strategies for paying off your debt with ease.
The Ultimate Guide To Paying Off Student Loans
Student loan debt is one of the main sources of debt today. Countless people had to rely on student loans in order to cover the rising costs of higher education, and they start their careers with debt that will take decades to pay off. When you’re faced with student loan debt, it can feel overwhelming. But with the right approach, you can rid yourself of this debt faster than you think. Check out the most effective strategies for paying off student loan debt.
Just For Fun: How Mark Twain Escaped Debt
Mark Twain is best remembered for his many celebrated novels, like “The Adventures of Tom Sawyer,” or “A Connecticut Yankee in King Arthur’s Court.” But when he was alive, Twain was also famous for his debt of $60,000 (or $1.8 million with inflation). How the author got out of that debt is a story that will delight all Twain fans for years to come.
May this be the year you go debt-free.