If you’ve got credit card debt or any kind of debt, it can be an overwhelming feeling. It can also be a lonely feeling and in a way, that’s even worse. When I was in debt, I remember thinking that I was the only person this had ever happened to.
I couldn’t have been more wrong. But you know what? I was in debt a few decades ago and back then, no one talked about this stuff. Plus, I lived in the South, where we were raised to never, ever discuss money matters. You also never asked anyone how much money they made or how much they paid for their house. If you did, you were met with a reproachful look that suggested that you were, perhaps, raised in a barn.
But nowadays, you can feel free to talk about money woes and even share them on social media. I happen to think this is awesome as well as cathartic. Hey, I’ve done it myself. I wrote Confessions of a Former Credit-Card-a-holic when I worked for Credit.com. As long as you don’t show a photo of your debit card (remember when folks did that last year on Twitter?), the vast support you’ll get from like-minded souls is a thing of beauty.
That’s why I like the The Debt Movement, a creation of Jeff Rose, an all-around amazing guy, Certified Financial Planner, and owner of Good Financial Cents. He partnered with Ready for Zero, a cool site with free online tools, and set a goal for folks to pay off $10 million of debt in 90 days.
If you like, you can sign up to participate at Ready for Zero and get a custom debt-reduction plan. One thing I really love about this movement is that you can talk with others in the forum. You’ll see others going through similar debt issues. And they offer ideas to each other about how to pay off debt.
It kind of reminds me of the approach that Weight Watchers (WW) takes. And no, you don’t have to go to the forum and start a thread with “My name is John Dough and I’m a gazillion dollars in debt…” (Get it? Dough instead of Doe? Okay, never mind). I just mean that the success of WW is mainly due to the group-support approach. People motivate and inspire each other, especially when they share a common goal.
So I just wanted to make you aware of this movement. Even if you’re fine with your credit cards, but you’ve got other debt, such as student loan debt, take a glance at the movement and see if might help you pay off debt. Sometimes its nice when you don’t have to go it alone.