When you think of debt, numbers and interest rates probably come to mind. But debt isn't always about the numbers. Our guest today is Melanie Lockert, a blogger at Dear Debt and someone who recently paid off $81,000 in student loan debt. Melanie explains that the reason we go into debt and have a hard time getting out of it, is emotional. She points out that:

“If it really was just about spend less, earn more, all of us would be rich and never face debt. And we'd all be successful, but a lot of us aren't and that's because we're dealing with these money issues, these emotional issues that come out through debt and finances and a scarcity mindset and there's so much to deal with.”

During our conversation, she uses words like panicked, anxious, ;stressed, overwhelmed and depressed to describe how she felt about her debt. As trustees, we hear these kind of emotional descriptions from clients daily, so Melanie offers listeners a few strategies for facing debt head-on.