Challenge #17: Drowning in Debt

Stop the Presses...The average American family has over $8000 in credit card debt alone! This does not include the car note, the mortgage, the student loan, and the many other loans that can be tagged to your credit report. Trust me I know. I have had all the payments listed above and often felt like I was drowning and really couldn't even truly identify a total that I owed others.

IT MUST STOP!

Don't think that debt is a tool to get you to a better place-it will only suck you into a circumstance you can't handle. Don't look to our government for help-the track record there isn't worth your time. Today's challenge will hopefully be simple...for some it maybe more of a challenge-which is all the more reason to commit and make it happen.

Today's Challenge:  Identify the TOTAL amount in debt you have-this includes your spouse if you are married because debt is a joint venture. Put together a plan of attack to knock it out. Don't believe the lies that you will always have a car note or always have debt-it's not true. You've already started a saving plan by putting back the $5 or $10 dollars till February.  Keep  it going.  I would recommend checking out the Debt Snowball recommended by Dave Ramsey at www.daveramsey.com

Challenge Issued!