9 ways to get a handle on your mounting debt

9 ways to get a handle on your mounting debt

pexels.com

Debt is often a necessary evil. Whether it’s helping you pay for college, buy a car, a home or even pay for unexpected setbacks like car issues or even medical emergencies, debt is sometimes unavoidable. In fact, according to Experian, the average credit card balance hovers right around $6,000.

While this information may make you feel a little less unusual regarding your own debt, the fact of the matter is, debt is not a whole lot of fun, simply because the more debt you accumulate, the more bills you have. And the more bills you have, the more money you have to make. And the more money you have to make, the more stressed you will be at work, and consequently at home.

Research has even linked high amounts a debt to anxiety, depression and the use of antidepressant drugs. Being under the umbrella of debt feels like you will never be able to look beyond the clouds to the clear sky above, which is why it is so important to find a way out. Here are some ways to do just that.