Americans may be just sick over the state of the economy, but there are steps you can take to keep your debt load and stress level in check. Here are some tips I’ve found to be helpful and hopefully you will too:
Create a realistic budget so you can live within your means. Write down everything you spend for a couple months, then look for places to trim expenses. You might also want to consider ways you could boost your income.
Contact your creditors if you’re having trouble making payments. It may be uncomfortable, but dealing with financial problems head on is the most effective way to keep them from escalating.
Seek expert help. A Certified Financial Counselor at Navigator Credit Union can help you analyze your situation and find a way to pay off debt. Consolidating your debt may lower your monthly payment and total interest charges.
Learn healthy ways to deal with stress. You may have other pressures in your life, too, such as work or family. Handling stress in a healthy manner – and steering clear of counterproductive strategies such as abusing alcohol, overeating or isolating yourself – can help keep stress from affecting your health..
Part of our mission is to help you achieve financial success – and we have all the right tools to do just that. Give us a call if you need help getting your debt under control. Ask how you can consolidate debt to create a little breathing room in your budget.