YES! Another awesome/crazy/doesn’t-mean-much survey! My fave ;)
This time up is Credit Karma (why are they always from credit score places?) who hired a company to research how people feel about their looks vs debt. And the findings are just as interesting as the survey we last posted about on credit scores vs looks.
Here’s the biggie from the results:
72% of Americans would rather keep their current debt, than gain 25 pounds and be completely debt free
Wowwww. Weight beats debt! Though 25 pounds IS a hefty chunk. Could you imagine snapping your fingers now and being 25 lbs heavier? And then $0 debt on the books??
The cool thing there is that I bet getting rid of 25 lbs is FAR easier than getting rid of a pile of debt. Or at least quicker, I’d have to think. Though in all fairness I don’t really know much about weight gain/loss stuff so I should probably stop talking out of my a$$…
Actually, let me just ask you guys: What do YOU think is harder to do? Get rid of weight or pay off your debt?? And subsequently, if you had a magic genie who could do the 25 lb trick to erase the money you owe, would you take it?
Obviously it would depend on the amount of debt you had and how much you already weigh, but it’s an interesting question to consider none the less. And both take a ton of patience and motivation too – regardless of the amounts you’re trying to lose (weight AND debt).
Again, not sure how much that really helps any of us during our day-to-day money mgmt. here, but good to know just in case that genie ever pops up ;)
You can read the rest of the survey results here: financial health vs. physical health. And here are some other nuggets I’ve plucked out for your viewing pleasure:
- 43% agree that, “How much I weigh is more important than how much debt I have.” And more men than woman if you can believe it (49% vs 38%)
- 64% of adults think about their physical appearance more than their debt
- 35% of adults worry about how they look more than their debt
- And adults 18-34 are more likely to worry about their looks compared to those 55+.
Happy weight/debt loss!
[Photo by fussy onion]
Bonus tip: Find a good "balance transfer" offer to help pay off debt faster!
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PS: If you don't trust yourself with another credit card, ignore this! This strategy is to help you get out of debt quicker, not risk adding more to it.