Yesterday I read a post from NerdWallet’s 2017 American Household Credit Card Debt Study stating that the average American household with credit card debt has a balance of approximately $15,432.
Indebted households pay hundreds in interest each year, and many Americans use credit cards to cover medical expenses.
I am sensitive about my credit card debt because not all of it belongs to me; but as the cardholder, I understand that I am responsible for it.
Since this January 2018, I’ve paid off about $10,000!
If I continue to be successful, this December 2018 I hope to report that I’m completely credit card debt free. Hold me accountable!
I’m learning as much as I can about personal finance, money management, and investing.
If you’re finally able to pay down unwanted debt, please answer these questions first.