The answer is yes. Previously, we wrote about the incredible stigma behind credit card debt and the amount of embarrassment and judgement majority of people in America feels when it comes to their own debt. Credit card debt racked up over time may seem nearly impossible to pay off but little steps and preparation comes a long way. The key is to stay patient and commit to some habit changes when it comes to personal expenses. You can check out 6 steps we’ve listed in this article to help you get started (along with multiple other resources).
Most feel embarrassed and judged by loved ones for having credit card debt but what about looking for a partner while having debt? According to the NerdWallet survey, credit card debt has bare tremendous emotional costs too. When it comes to dating, debt is up there with criminal record.
Although dated, a survey on this matter conducted by CreditCards.com back in 2013 found that 70% of women are quick to break it off if their partner if they lied about their financial status. This coincide with the same percentage where women consider it a deal breaker for someone with a criminal history. In contrast, men are found to be more tolerant of a partner with debt with only 37% who consider heavy debt a dating deal breaker.
A more recent study revealed how majority of American feels when it comes to credit card debt within a household and on the dating scene. Check out our infographic below for a breakdown on these stats:
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In any case, no one wants to be up to their neck in debt. Even frugality comes with negative stigma in society these days. We're don't believe in not spending money or splurging but we're just saying... spend it wisely. Invest in the simple and quality things in life that makes you feel happy, no matter what that may be. Create a budget and manage your money so you have a nice safety net to fall back on because life is more often than not, unpredictable.
Ready to start saving? Take a look at DealsPlus Popular deals and coupons! All deals on this page is staff picked and verified to make your money-saving and shopping experience better. We keep an eye out for all popular upcoming product deals (i.e. iPhone 6), grocery coupons, clothing deals and much more so give it a quick skim and start saving with us. You can also take us on the go with the DealsPlus App which is available for both Android and iOS users.
What kind of savings are you looking for these days?