Jackie Veling Of Nerdwallet January 27, 2021 - 4:01 AM
If you have high-interest consumer debt, getting control of your money in the new year might sound overwhelming.
Most Americans say the COVID-19 outbreak has caused financial stress, according to a survey released in October by the National Endowment for Financial Education, with 30% listing debt as their top stressor.
Despite the pandemic, you can still pay down your debt with the right plan. Hereâs how.
CONFRONT YOUR DEBT
The first step is simple, but it can be the hardest: You have to face the problem.
Angela Moore, a Miami-based certified financial planner and founder of Modern Money Advisor, which offers virtual advising and education for consumers, says itâs common for her clients to know theyâre in debt but not know how much.