Take a second and think about how much debt you have — total. Do you know the exact dollar amount? Maybe a ballpark figure? Or do you have no idea?
If the last question hits close to home, you're not alone. Many Millennial and Gen Z women with debt don't know how much they owe — on both their credit cards and student loans, according to a new survey from CreditCards.com and the 1,000 Dreams Fund, a national scholarship fund for young women.
That the vast majority of the women carrying this debt are worried about paying it back doesn't surprise money expert Stefanie O'Connell. She says that coming out of college is so overwhelming that it "induces a kind of paralysis [when it comes to making] any proactive financial choices." This is especially true for women who are already a little less financially confident — particularly those who are perfectionists. "[That can] lead to the worst decision of all, which is doing nothing."
If you're nodding your head because you recognize yourself in that description, here are three steps to take.