Just last year, U.S. News and World Report published survey results that suggested the average amount of credit card debt in U.S. households is at least $15,000. For a country with a median wage of just about $26,000 and household income is a little over $50,000, that’s really a high debt level. Besides credit cards, other common household debts include
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Most people who plan to stay in their home dream of the day that they can burn their mortgage. Imagine the luxury of living in a house that is owned free and clear of any debt. There is no doubt that it will provide some security and reduce monthly fixed costs. Of course, the faster a mortgage gets payed off,
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Anybody who has ever suffered with the burden of high-interest debt, particularly unsecured debt, knows that the burden can suck all of the joy out of life, not to mention how it can suck disposable income. There are plenty of good reasons to make a resolution to reduce balances on credit cards, but it’s obviously easier to preach about than
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