EAP offers help in financial affairs

Now that the holidays have passed and large majorities of the population are looking at immense credit card balances, how are you preparing to handle this?

Are you relying on your tax refund to cover the damages? Sometimes that is just not enough and the incurred debt remains throughout the year.

Now would be a good time to decide to put an end to the reckless or unnecessary spending habits in an effort to become debt free. The first step to live debt free is to decide on the steps to accomplish your goal. This includes making a complete list of the amounts owed and the terms of payment for each amount.

Chances are you could use some advice on how to proceed. Many books exist on the subject of living a debt free life. Most bookstores will have numerous offerings. There are also non-profit organizations in every state. They can help you identify steps to reduce household debt and attain your goal of being debt free. These include working with your creditors to help make payments easier and advising you on the consequences of claiming bankruptcy, which should only be done with appropriate professional and legal guidance.

Another potential resource would be to visit your Employee Assistance Program and get a few ideas on this matter. There is help for financial and debt issues’, just knowing where to look is the key.

For information on how the EAP can help or to make an appointment, call (703) 805-5588.