It's Personal
Most of us would prefer to discuss just about anything other than our financial situation, especially when that situation includes debt. As reported by MarketWatch, a new survey found that 82 percent of people are reluctant to openly discuss their credit card debts. Further, people are more willing to talk about the personal details of their relationships, the death of a loved one, their salary, weight, and monthly mortgage or rent payment than to talk about their credit card debt.
Matt's View
I don't suggest spilling the beans about your bills with everyone you meet. However, finding one or two trusted friends with whom you can share the details of your debts can be really helpful in getting to a better place. That's why finding an accountability and encouragement partner is number two in my nine-step plan for getting out of debt and staying out of debt forever. I've been sharing the plan in the last three issues of Managing Money By The Book .
This article filed in: Debt
Managing Money by The Book
- "I delight in your decrees; I will not neglect your word." - Psalm 119:16
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