How much is too much debt?

I think that if you are constantly worrying about how much you owe, you have too much debt. Most of us have some debt. That is just the way our economic system works. But when you find yourself worrying about paying down the debt and worrying where the money to pay down the debt will come from, you have too much debt. It means you have to take steps to cut down on the amount of debt you have accumulated.

It is easy to accumulate too much debt. Credit cards make it so easy to buy things that we may not need and the debt tends to creep up without our realizing it. So when you do realize that you have too much debt, it is time to take action right away to prevent a worse situation.

About mairedubhtx

I am a "youngish" grandmother of 15 year old twin granddaughter who has recently (is a year "recent"?) adopted Islam as my way of life, much to the consternation of my family. I love to read. I love to write. I am writing a book about my decision to revert, about my spiritual journey. I have another blog about stories from my youth, my parents, and grandparents. It's a blog so my OCD daughter will not be able to throw it out when I die. I suffer from depression and anxiety, for which I am treated, so my posts may be a bit dark at times. C'est la vie.
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1 Response to Debt

  1. The Hook says:

    Valid question, young lady!
    Well done.

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