What would help you get out of debt?When we asked 3,700 DailyWorth readers, in the recent survey we did with SavvyMoney, a surprising 34% said they wished they had a debt coach.
Why? “Because it’s easy to get stuck on the minutiae of paying down debt,” says Jean Chatzky, national money expert and author of “Money 911.”
Give yourself a boost and focus on the joys of living debt-free, Chatzky advises:
- You’ll live a fuller life. A full 60% of readers felt that being in debt prevented them from really enjoying life. Picture what you'd put your energy into when your debts were paid.
- You’ll save money. Using 30% or less of your total available credit can boost your credit score—below 10%, the ratio FICO likes to see, is even better. A higher score means you could save on loans.
- You’ll feel better. Some 62% said debt added unwanted emotional stress (no kidding). Imagine the relief when you’re not dodging big credit card bills.
