A recent survey conducted by CardRates.com, involving 3,000 credit card users, delved into the lengths people would go to eliminate their credit card debt. The findings revealed a significant, though perhaps unsurprising, trend: on average, North Dakotans are willing to work an extra 6 hours and 25 mins each week to pay off their debt. This is in line with the national average of 6 hours and 25 minutes.
However, this sentiment varies across regions. In South Dakota, for example, respondents displayed extraordinary dedication, willing to work a whopping 13 hours of overtime per week – far surpassing the national average – until their debts were resolved.
The commitment isn’t just about putting in more hours. The survey also explored what other sacrifices people are prepared to make to achieve a debt-free life, and the results were interesting. A significant 35% of respondents said they’d forgo personal luxuries – think $7 lattes, streaming services, or new shoes. Another 24% were willing to skip or shorten vacations, indicating a willingness to trade sandy shores for financial peace of mind. Additionally, 22% said they would cut back on dining out and other recreational activities, while 18% were even prepared to dip into their emergency savings.
