CCPR client Teresa Sanders dives into how to know when it’s time to face your debt for CoBiz Magazine. Take a look –
“As a society, we shoulder a mountain of debt. Many individuals have so much debt that it keeps them from having money for emergencies or being able to fund long-term goals like retirement and their children’s education. In this current environment, we may be collectively asking ourselves a lot of questions about what it means to have too much debt, and what we can do about it.
Let’s break some of these questions down.
The question that is easiest to start with is: How much debt is too much? Ask yourself some straightforward questions to find the answer: Are you currently paying for living expenses with a credit card? Are you only making minimum payments? Do you feel strapped for cash all the time?”
You can read Teresa’s full column on CoBiz’s website.