How Much Debt Do You Have?

Don't guess. Collect the most recent statements from every kind of debt you have. If you use your credit cards a lot, call the 800 numbers on your statements for the current amounts you owe.

Now get a piece of paper and get organized. Create a chart, and fill in the amounts you owe and the interest rates. Using a pencil is better so you can update the information as you go.

Now, find a place to post your chart. Choose a place that you go often so you'll see it often. No one wants to see how in debt they are al the time but it's better to face the problem rather than hide from it. Whenever you make a payment make sure to update the chart so you see your debt shrink all the time, and soon, vanish!

You know, this post is so old - and yet no one has responded. My guess is that most people are completely oblivious to how much they really owe and they like it that way.

Ignorance is bliss, right?

It's a shame more people won't face up to the facts so they can work a way out of it all.

Would that I could be oblivious to what I owe.........and a little bliss would be great at this point lol.

I do this often.  I have a spreadsheet that update each month, and help track my percentages and so forth.  I'll be posting this on my blog soon.

I'm so not sure its that people are looking to be ignorant of the debt that have and are looking for bliss by ignoring it.  What I think is more likely to be the case is that people in debt, are those that are unable to fight their way out of it and therefore don't want to crunch the numbers to have them staring in their face. 

It might be a good idea so they don't accumulate more debt, but its not so muchthat people in debt don't want to acknowledge it, thought that is certainly true, but they don't know how to fix it, and as you know, minimum payments are often not enough to dent those real debts.

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