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The survey also revealed that respondents felt that earning a $73,785 salary would make them feel secure.
This means most Americans dont feel their salary is sufficient, as the average salary is just $61,659.
A lot of these financial insecurities can be attributed to debt.
Americans are struggling to pay off their mortgage, student loans and credit cards now more than ever before.
Its like a financial GPS, guiding you to your destination, he said.
Its an opportunity to gain a deeper understanding of your spending patterns and develop a healthier relationship with money.
It might be very small, but thats OK; start somewhere and build.
Otherwise, a personal loan may help to consolidate and pay off debt.
Another helpful option for those with good credit is a balance transfer to a low- or zero-interest credit card.
Credit counseling firmsoffer debt management plans to offer slightly lower interest rates on credit cards.
Its important to communicate with your creditors.
Is it that everything costs more, and your paycheck hasnt kept up?
Have you made purchases that were unexpected?
Many people in this situation today are taking advantage of the high rates businesses are often paying part-time employees.
Cynthia Meason contributed to the reporting for this article.
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