Did you know that the average American family has credit card debt of just over $16,000 and total overall debt of $132,000?
In fact, the average Class of 2016 graduate has $37,172 in student loan debt, up six percent from last year.
Whether you are newly married or getting married, just graduated high school or college, have children or don’t have children, or you just need some common sense for handling money:
Be aware of these mistakes with money that many of us make, that cause us to go further into debt.
In this article you will find ten common money mistakes that are made by a majority of Americans.
Don’t Make these Mistakes with Money
- Eating out too often.
- Not keeping a budget and sticking to it.
- Using consolidation loans
- Trying to keep up with the Joneses
- Having a credit card
- Investing in a 401k
- Not having an emergency fund
- Not getting serious about debt
- Worrying about a credit score
- Being stingy.
If you are struggling with money, here are some tips on how to find money when you’re broke.
Or if you would like to know how to save money on an already tight budget, try this article.
How is your family handling debt?
How do you save money?