Over the past few weeks, I have read and noted a number of blogs and other commentaries from respected economists and authors touting the growing concern about the student loan crisis as the outstanding balances on student loans approach the $1 trillion mark.
Many pundits have commented about the value of college education relative to its potential return of investment. Some have noted the strain it has caused, both emotionally and financially, on students who have obtained degrees in the “liberal arts” and have been forced to accept positions outside of their field of study at salary levels which may not even cover the servicing costs of ...
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8 Tips for Coping with Stress and Anxiety About Debt
Does your debt feel like it is taking over your life? Has it caused you to lose sleep? Is it causing tension or arguments with your loved ones? I recently wrote a post addressing some of the things you can do to overcome debt anxiety. Here are eight tips that should help you cope with your debt and allow you to deal with the emotional and mental issues it causes.
Accept that your debt is a problem - Before you can truly tackle your debt and the associated stress and anxiety, you need to admit that it is a problem. Debt creeps up on many people, building slowly over time. Your debt may have grown from a small, manageable amount into ...
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Getting Relief from Anxiety about Credit Card Debt
Anyone who has found themselves behind on their bills knows how overwhelming the anxiety about debt can be. Just missing one payment can send your finances in a downward spiral of only paying off interest and fees and never making actual headway on the balance. Many experience anxiety about their current finances and don’t know who to ask for help with their stacks of bills. There are a number of ways to get relief from debt anxiety, and this week on my blog, Facebook and Twitter, I will be addressing the steps to make an informed decision about your finances when you find yourself in this situation.
The first thing to consider if you are ...
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