How Occupy Wall Street May be Occupying Time: 11% of the U.S. Population Spend 10+ Hours Per Day Worrying About Debt
Results based on October 2011 survey of 1,000 Americans commissioned by FreeScore.com
Norwalk, Conn. — November 04, 2011 — A FreeScore.com survey of 1,000 Americans 18+ revealed that 11% of consumers spend more than 10 hours a day worrying about debt. On average, consumers spend four hours a day, or 17% of a full day, worrying/thinking about debt.
According to Carrie Coghill, director of consumer education for FreeScore.com, "These results come at a time when the country is at a fever pitch about debt and income issues. While on average Americans are spending four hours daily worrying about debt, many do not know how to start to improve their financial situation."
Coghill has these tips for "occupying" debt issues:
- Organize your financial files. Really, being tangibly more organized can help someone become financially more organized.
- Create a budget. Sometimes people think this is a negative action; but, budgeting is the best way to manage your debt. Know what your necessary expenses are and use the rest to "occupy your debt."
- Charge only what you can afford to pay off in full and on time. Of course there may be emergencies where you need to charge something because you can't pay upfront. But, if you can't afford to pay off a new pair of shoes or a movie - wait until you can.
- Utilize information. There is tons of information out there on how to manage personal finances and debt. Get out there and start reading. If more people spent more time learning about how to manage debt rather than worrying, consumers may have less debt worries.
- Pay your credit cards off on time. This will prevent late payment fees and help you have the best credit scores you can have.
- Yoga — or any kind of relaxing break you can give yourself. Don't worry so much, worrying usually won't change a situation — taking action does!
About FreeScore LLC
FreeScore.com is the leading online consumer credit service, providing members with affordable, unlimited access to all three credit scores and their complete credit profile. For more information, go to FreeScore.com. FreeScore.com is a service of FYI Direct, Inc.