Consumers should focus on the big debt picture

July 14, 2021by Mark Ball

If you feel like you’re drowning in debt, there’s one technique that can act as a lifeline before things get even more overwhelming. Look at the entirety of your financial life — including investments and savings, not just debt. This can bring things into perspective, according to an article on Business Insider.

One financial planner suggested that consumers should focus on debts that may be tackled sooner rather than later. For instance. it could be a high-interest loan or a piece of consumer debt with a hefty but manageable price tag attached.

Mark Ball

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