Additional statistics show that the average household has 10 credit cards and, not surprisingly, over half of those households report having trouble paying their minimum monthly payments. The site offers helpful tips for eliminating debt and staying out of debt in the future.
Debt can paralyze people from moving forward.
But, with a solid plan and the right tools, paying off their credit cards and eliminating their debts can be tolerable and even enjoyable. No, this doesn't mean that you can go on a spending spree if you are feeling depressed. Instead, get plenty of rest and eat well to keep energized while focusing on your goal of being debt free. Keep a Record and Prioritize Keep track of every nickel you spend for a month and record amounts spent in appropriate categories - i.e. housing, transportation, food, clothes, entertainment, etc. It doesn't have to be a fancy software program - just a pencil and a pad of paper will suffice.