Consumers seek support

Knowledge and drive aren’t always enough to help someone overcome their financial problems. As a recent Wall Street Journal article points out, sometimes you need a little support (group).

The WSJ article states that, a Web site that organizes physical and virtual meetings, now serves 138 groups who gather in person to talk about debt management, up from 24 a year ago. And I recently talked with a man from Wesabe who said that their Wesabe Groups are filled with consumers supporting each other’s efforts to improve their financial situation.

I am encouraged that more people are beginning to understand that they have to go it alone. Whether you seek support from a group of your peers or a trusted credit counselor, the key is to get help.

That being said, it is possible there may be underlying psychological issues that should be explored with a trained professional. If you feel that you have an unhealthy relationship with money, contact the nonprofit Debtors Anonymous at 781-453-2743 or visit them at

Kim McGrigg is the former Manager of Community and Media Relations for MMI.