Debtfree Issue 202402 - DB
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FEBRUARY IS<br />
NATIONAL DEBT AWARENESS MONTH<br />
Debt can be scary and stressful. That’s one of the<br />
many reasons we don’t really like to talk about it until<br />
absolutely necessary.<br />
But like many things in life, it is normally better to talk about problems<br />
before they escalate out of control. This is why Debt Counsellors<br />
promote talking about debt during February each year.<br />
Everyone Has Debt<br />
Most people have some form of debt these days. There is nothing<br />
unusual about that. But we all know that debt balances can start to go<br />
up and up when unexpected factors hit.<br />
It may be something like an unplanned expense regarding our vehicle<br />
or a medical emergency. These unplanned things can push our debt<br />
from being manageable into an ever worsening debt spiral. When this<br />
starts to happen it is not uncommon for couples or families to try and<br />
shield one another from stress by not talking about the situation. This<br />
can lead to some in the household over spending or even just spending<br />
as normal when there is a need to make changes to how money is<br />
being used.
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