Managing Consumer Debt: 12 Essential Steps to Financial Freedom
The world of personal finance can be a daunting one, especially when it comes to managing consumer debt. The feeling of being overwhelmed by high-interest rates, minimum payments, and financial obligations is all too familiar for many people. However, with the right strategies and mindset, it's possible to break free from the cycle of debt and achieve true financial freedom.
Consumer debt has become a norm in today's society. Credit card balances, personal loans, and mortgages are just a few examples of the types of consumer debt that many people carry. While these debts can be helpful in times of need, they can also lead to financial difficulties if not managed properly. According to a recent survey, over 70% of Americans have some form of debt, with an average credit card balance of a...
