Would you rather look broke for a year or stay broke for the next decade? Before you answer, think about whose opinion you’re paying for with that car payment, those credit card bills, and the retirement savings you keep putting off.
Steve, the original Get Out of Debt Guy, and Damon Day, the new Get Out of Debt Guy, tackle the uncomfortable connection between keeping up appearances and staying in debt. We talk about why protecting your credit score can become more important than protecting your future, how minimum payments keep you stuck, and why dealing with financial trouble doesn’t make you a failure.
We also get into spending plans, subscription creep, keeping a paid-off car, high-yield savings accounts, and taking an honest look at debt relief options, including bankruptcy and debt settlement. Plus, a conversation about refund scams and the devastating cost of fraud targeting older adults.
Debt is math wrapped in emotion. You can’t change yesterday’s decisions, but you can stop letting them eat tomorrow’s retirement.
Find Steve at GetOutOfDebt.org. Reach Damon for help with your financial situation at DamonDay.com.
Get Steve's free weekday email at YourMoneyActually.com.
