Have you ever wondered what it would be like to live life without a huge boulder on your back? Well I believe that most Iowans are moving in that direction. The latest credit card debt report came out from TransUnion and said that Iowans have the lowest credit card debt nationally. Way to go, Iowa!
According to The Gazette, Iowans had an average of $3,807 in debt, which is down from nearly $6,000 just a year ago. This is an enormous achievement for our state and it shows how our local economy is really starting to shape up.
Know what’s cool about low credit card debt? It helps us save more of our disposable income. Cha-ching! I’ve been that person struggling month to month with credit cards. The temptation is always there to live materialistically, but if you can discipline yourself, you can also experience a boulder free life. Take it from me, living boulder free is definitely the way to go!
With the year coming to an end, now is the perfect time to start thinking about your New Year’s resolutions. My suggestion? Make your New Year’s resolution to get out from underneath your credit cards. A good place to start is the easy to use financial calculators on our website. Click here to see what it will take to pay off your credit card balance and what you can change to meet your repayment goals.
We at Linn Area Credit Union are always happy to help you achieve your goals. Please let us what we can do!
Have you started thinking about your New Year’s resolutions yet? Will they be related to your finances?