It’s very likely that you took one glance at the list above and instantly knew which category you fall into, but if you’re still unsure we’ve compiled a short questionnaire that will allow us to point you in the right direction. Even if you find the correct category through one of the first questions, we recommend reading through them all because many individuals find they identify with more than one!
Q1.a – Do you have credit card debt? Is this debt large enough that you feel it affects your life or happiness?
If yes, continue with Question 1.b.
If no, proceed to Question 2.
Q1.b – Do you use your credit card(s) for large, one-time expenses? Or do you use your card(s) for monthly bills like rent and utilities, or on daily purchases like coffee, restaurants, and groceries?
If you only use your credit card for large, necessary purchases, proceed to our section on Building an Emergency Fund.
If you use your credit card(s) for monthly bills or daily expenses, proceed to our section on Overspending.
Q2 – Do you have debt from medical procedures or other emergencies that you were unable to pay for out-of-pocket?
If yes, proceed to our section on Building an Emergency Fund.
If no, proceed to Question 3.
Q3 – Are you in debt because of a car loan, mortgage, or similar investment?
If yes, proceed to our section on Secured Debt.
If no, proceed to Question 4.
Q4 – Are you a student or recent graduate concerned about how you are going to afford your student loans? Are your student loans currently draining your finances?
If yes to either of these, proceed to our section on Student Loans.
If no, proceed to Question 5.
Q5 – Have you neglected to file your taxes in recent years? Did you attempt to file your taxes and discover the IRS is asking for more money than you currently have?
If yes to either of these, proceed to our section on Tax Payments.
If no, proceed to Question 6.
Q6 – Do none of these situations apply to you?
Congratulations, you are likely debt-free! We recommend looking through some of our general sections like How to Improve Your Credit Score, Building a Budget, and Planning for the Future so that you can stay that way!
While you may find yourself identifying with only one or two categories of debt, the advice within each section is extremely valuable knowledge for ANY financially independent individual. This information and advice can be applied to many different life scenarios:
Now, we’ll be deconstructing these debt personalities one-by-one and recommending a personalized course of action to break yourself of these habits and end the vicious cycle of debt and financial insecurity.