A startling report from moneywise reveals that Gen Z’s debts have skyrocketed 179% over the past couple of years with 77% of the generation suffering the affects, according from a report from LendingTree. If you feel trapped in this debt spiral, don’t worry; Live Life FI is here to guide you.
Debt can feel like a never-ending maze, but with the right strategy, you can navigate through it. Here are three concrete steps in starting to take control:
- Assess Your Situation: Understand your debts and expenses. Make a clear, itemized list to see where your money is going.
- Create a Budget: Build a realistic budget that includes monthly payments to reduce your debt. Stick to it, and avoid unnecessary expenses.
- Seek Professional Guidance: A mentor, financial coach, and even an accountability partner can provide personalized strategies tailored to your situation.
Are you caught in the debt spiral without a clear way out? Do you have a game plan to stop the cycle and start thriving? If not, it’s time to take action. Reach out to Live Life FI, and let’s embark on a journey to financial success together. #DebtFreeGenZ #LiveLifeFI
