Thats A LOT of debt.
But despite that astronomical number, Americans are chipping away at their debt at a record rate.
Experts believe that has a lot to do with our changing consumer habits as a result of the pandemic.
But some states are doing better than others.
Where does your state land?
And how can you get out of credit card debt even faster?
7 Ways to Make Money if You Hate People
Do you avoid people too?
Enough small talk.Here are some waysto earn extra cash, without all of the social stuff.
Thats 6% of the states total debt.
Did you know?
Any amount you could pay toward your credit card debt is important to your overall financial health.
But, of course, the more you’re free to chip away at it, the better.
A website calledAmOnewants to help.
Youll be left with one bill to pay each month.
Plus: No credit card payment this month.
AmOne wont make you stand in line or call your bank, either.
And if youre worried you wont qualify, its free tocheck online.
It takes just two minutes, and it could help you pay off your debt years faster.
Make a Budget
Making a budget and sticking to it can free up money to pay down your debt.
The 50/30/20 rule is one easy way to start managing your money without totally overhauling your life.
If you dont know where to start, find out what your credit score is.
Once you spot the issues, you’re able to start taking the steps to fix it.
Kari Faber is a staff writer at The Penny Hoarder.
(Can you sense my millennial sarcasm there?)
You know which ones were talking about: rent, utilities, cell phone bill, insurance, groceries…
