debt

Submitted by Susan Powers on January 14, 2019

Feeling the need to take control?  You’re not alone. 

• The average American household owes $16,425 in credit card debt, which is an increase of 10% since 2013
• The Average Student Loan Debt is almost $48,000
• Only 32% of Americans maintain a household budget
• 56% of millennials don’t have any money saved in a retirement account
• 39% of both Baby Boomers and Gen-Xers have nothing put away for their golden years

Don’t panic, let’s define a few achievable goals to get 2019 off to a great start.

3 steps you should take now:

1.  Payoff debt

2.  Spend less by saving first

3. Utilize tax-efficient savings and withdrawal strategies