Facing $100,000 in personal debt can seem overwhelming, but Beyond Finance’s skilled financial therapist, Nathan Astle, believes it is possible to overcome.
In a recent article on GoBankingRates.com and Yahoo Finance, Nathan shared strategies for tackling seemingly insurmountable debt. His key recommendations include:
- Recognize the severity of the problem
- List every debt and source individually
- Create a finite budget
- Pay off debts with the highest interest rates
- Establish an “emergency fund”
- Consider debt consolidation services
For anyone attempting to conquer substantial debt, Nathan emphasizes the importance of self-compassion. “Give yourself a break,” he advises.
“Give yourself some compassion,” said Nathan Astle, financial client therapist at Beyond Finance. “Our financial lives are incredibly complicated. Some of it is a reflection of our financial habits, but there are larger systemic factors that we have relatively little control over. Getting into a shame spiral is not going to be helpful for your motivation. We don’t kick ourselves upwards.”
As one of the nation’s largest debt consolidation organizations, Beyond Finance is dedicated to empowering consumers with a smarter path to financial freedom. Through tailored solutions, Beyond Finance helps clients reduce monthly payments, minimize interest impact, and achieve a debt-free life—using proprietary tools designed for transparency and ease-of-use.