Americans are paying down their debt, but that hasn’t eased their stress. Some 46 percent of American adults say they are stressed about their debts, according to a new Associated Press-GfK survey. That’s about the same as last year. Those feeling the most stress are women, married couples, people age 30-44, and the poor.
Key steps for ditching your debt include: stop going any further into debt (if you have credit card debt, stop using your cards); “fix” your payments (note your minimum required payment this month and, at very least, keep paying that amount every month even though your credit card company will likely ask you for a little less each month); and ideally, pay more than the fixed minimum. You can use this calculator to determine when you’ll be out of debt under various repayment scenarios.