Credit Card debt is bad. We’ve all heard it time and time again, yet we don’t realize it until we sit down and actually look at the numbers.
Well, this week, we made something that makes it a little easier to see just how terrible credit card debt really is, and how hard it is to get out of it with minimum payments alone.
I’d like to introduce you to the ReadyForZero Cost of Debt Visual Calculator
The average American household is nearly $10,000 deep in Credit Card Debt.
How about the total interest they’d pay?
And the number of iPhones they could buy with it?
Whether you have debt or not, try playing around with the numbers for yourself. It’s scary, shocking stuff.
This is exactly why we at ReadyForZero are on a quest to help people get out of debt faster. So they can get rid of this dead weight on their finances and put it towards building wealth for their future instead.
And this is precisely why we need your help.
We need your help in spreading this message and reaching out to those people who may be unaware of what their debt is costing them and what they can do about it.
Look around you today at work, on your way home, as you’re grocery shopping, as you’re walking down the street. It’s very hard to tell who’s struggling with debt, and who’s doing just fine.
It could be a Facebook friend who’s a little loose and fast with spending or a co-worker who may have paid for an emergency with credit cards.
If you do at least one of the following actions today, there’s a good chance that you will reach someone who could use a little wake-up call.
- Share it on Facebook
- Tweet about it on Twitter
- Mention it on your blog if you have one
- Share it via email
Or choose your favorite alternate method. StumbleUpon, LinkedIn, Pinterest… it’s up to you.
Here’s the link to the calculator: The High Cost of Credit Card Debt
Thank you, and I hope you have a wonderful rest of the day!
This article is part of our Credit Card Debt Resource Center. If you’re looking for additional information about credit card debt, be sure to pay a visit!