Debt is a National Epidemic

If you owe money on student loans, car loans and credit cards, you’re not alone. The latest numbers from the Federal Reserve show that the total national household debt stands at a whopping $14.56 trillion.1 That’s trillion with a “T.” At this point, you could say that worrying about debt is a national epidemic.

What is Debt?

Anytime you owe money to someone else—that’s debt. Yep, we’re talking about credit cards (even if you pay them off every month!), student loans, the mortgage, payday loans, personal loans and even car loans. Your bills such as electricity, water and utilities aren’t considered debt—those are just your normal monthly expenses. The same goes for things like home or car insurance, taxes, groceries and childcare.

Ellen Will Help

Total Your Debt

No more hiding your head in the sand—it’s time to face the truth so you can start doing something about it! Listen, adding up the grand total of your debt isn’t going to be pretty. Let’s rip the Band-Aid off. Ready? Take a deep breath and open up those envelopes and account pages. Look at the number, and no matter how small or large it is, tell yourself, I can do this.

Give you Debt Reduction Strategies

Paying off debt is never easy. We’re fully aware of the buzz surrounding all the “quick” ways to clean up your debt, but if it sounds too good to be true, then it probably is. Ellen will help with creating an action plan that will keep you on track to reduce your debt and meet your financial goals.

Not to Console Debt

This is basically a loan that combines all your debts into one single payment. It sounds like a good idea at first . . . until you find out that the lifespan of your loans increases, meaning that you’ll stay in debt even longer. And the low interest rate that looks so appealing right now—guess what? It usually goes up over time too.

Living on a Budget

You can dodge it all you want, but you won’t ever get ahead if you’re spending more than you’re making each month. If you want to start winning with money, you have to make a plan with a zero-based budget and tell every single dollar where to go.

Never Use Debt Again

No, seriously. Never again. It will do you no good to put out all of this effort if you’re just going to wind up back in debt again. If this is going to work, you have to commit to the mindset that debt is dumb (because it is).

Contact Ellen To Help Pay Off Your Debt Today

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