Smart Spending: How to Stop Drowning in Credit Card Debt
Want to hear something shocking? According to Indexcreditcards.com, the average American is carrying $4,013 in revolving (mostly credit card) debt and the average household is carrying $7,861 of such debt. Now keep in mind that about 25% of American households have no credit cards, which means the amount of average debt for credit card holding households is at least $10,000. This, my friend, is a fiasco! There is no way I can be delicate about this.