Tag Archives: credit card debt

Figuring Out Your Credit Card Debt

It’s been a while since we wrote about budgeting and credit cards. It’s time to reinforce the importance of understanding each of these and learning how to use your knowledge to either get control of credit cards or totally eliminate your credit card debt.

Mission24: NUMBERS

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Before you decide to take action on your debt you need to know what it is. Whether it’s doing some kind of debt consolidation or filing bankruptcy, you need to know what your expenses and income is to first find out if you’re in real financial trouble or just need to get a handle on your spending.
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Weaning Yourself Off Credit Cards

There’s a news story indicating that upwards of 29% of Americans spend no actual cash on purchases. It also states that those earning $75,000 or more are twice as likely to never use cash as those making around $30,000.

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Although the article doesn’t mention which, this means that more people are using either credit or debit cards when they go shopping. For many this isn’t an issue; for others it’s problematic.
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