Dreams of becoming debt-free are more difficult to achieve for individuals with low incomes. The average American typically owes between $6,000 to $7,000 in credit card debt, besides car payments, medical bills, and other forms of debt. When this situation occurs, you might be feeling like all of your income goes toward paying off debt.
If you’re trying to pay your debt on a low income, there are some tips to try. We’ve gathered a few tips that might help you overcome these financial obstacles and get the debt-free life you’re dreaming of. So, if you have a low income, you might find these strategies very helpful: