Tag - Debt

Downsizing Debt

The average household credit card debt has increased from $15,762 in 2015 to  $16,061 in 2016, according to the American Household Credit Card Debt Study by Nerd Wallet. Student loan debt increased from $48,172 to $49,042.  If you carry car loans, the average is $28,535. In total, the average American household has $132,529 of debt and the average rate on credit cards is 18.76%!!!!!!   That means the average household is paying $1,292 in credit card interest each year. That’s a really [...]

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Jangled Nerves the Video

Jangled Nerves, Jangled Nerves, Jangled all the way. Oh what fun it is to charge next year’s raise away, hey! Dashing through the mall, with credit card in hand, buying gifts for all, spending while we can. Now we’re having fun, spending on gifts, food and frills but then comes January one And all the credit card bills, oh! Jangled Nerves, Jangled Nerves, Jangled all the way. Oh what fun it is to charge next year’s raise away, hey! Looking for more money saving holiday gift ideas? Download our Taming the Holiday [...]

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Downsizing Debt

The average household has $15,762 of credit card debt, according to the 2015 American Household Credit Card Debt Study. If you have student loans, the average is $48,172. If you carry car loans, the average is $27,141. In total, the average American household has $130,922 of debt and $2,630 is the average interest on credit card debt. That’s a really nice vacation or college savings! Another startling and disturbing fact is that consumers consistently and vastly underestimate how much [...]

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