As the saying goes, common sense is not common. There are 303 million people in the USA. So the odds of getting 536 people with solid common sense in particular positions of leadership are not very good.

This is why we need to take responsibility for our own lives and tend to our own fiscal issues. What also is common sense is you cannot get out of debt by making more debt. The only option is to pay off the debt and start saving.

Should you save more than you pay off in debt? Yes, you should save some as you never known when that next car repair bill is going to smack your wallet. But you actually save a lot more money by paying off the debt faster and not giving the banks and credit card companies the interest.

Sometimes though, the debt load you are facing seems to be too much to overcome. That is when you turn to debt consolidation. You might be an independent person and want to take care of your issues yourself. That is an admirable trait but sometimes it is better to bring in the bigger guns. They often get better results faster.

How does it work? By having a team of professionals that do this stuff for a living, they know the ins and outs on how the system works. They can lower your payments and get it compressed into a single monthly payment. This is often done through their negotiations to have a lot of the fees and interest dropped or restructured. That way you can be debt free faster, and then shift what you were paying in debt reduction into your savings account instead.

Perhaps if each individual takes personal responsibility for their financial issues, we can teach the 536 how it is done despite what they are trying to tell us to do.

Thank you,

Anah

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