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Thats a good goal to have, but its easier said than done.
It hits when youve been paying and paying, and your balance barely budges.
You start thinking, Why am I even doing this?
That kind of mental exhaustion can be just as heavy as the debt itself.
If this sounds familiar, try not to stress.
Here aresome top ways to cure debt fatigue.
Its Financial Literacy Month, sonows the time to take charge of your financial future.
Start With Your Budget
Make a budget, but also ensure its realistic.
But it also means knowing any cutbacks can be temporary.
Speak With a Credit Counselor
Having trouble making a budget?
A nonprofit credit counseling agency could help.
Credit counseling is usually low-cost or free.
Understand Your Money Personality
Just as everyone views money differently, everyone also handles debt differently.
So its vital tounderstand your view on moneyand how it impacts your ability to manage it effectively.
Kovar suggested taking a money personality assessment to figure out what works for you.
Consider Other Debt Relief Options
There are other debt relief options you could consider as well.
According to theFederal Trade Commission, other options include debt settlement and debt consolidation.
It might even get you a lower interest rate (depending on your credit).
Weigh your options carefully before choosing one.
And dont be afraid to ask a professional or someone you trust for help or advice.
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