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Credit Card Usage Statistics Prove They Are Leading Causes Of Financial Stress

Posted by Jim on Dec 12th, 2012 · 0 Comment

It’s hard to imagine a time without credit. Even in the most primitive of economies, shopkeepers would often extend credit to regular customers that are expecting a coming payday or harvest. Yet, consumers in the United States have taken credit to an entirely new level, and it’s those little plastic cards in our wallets that have fueled the boom. Many Americans assume that all Westerners use credit...
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Here are some simple guidelines that will help you build wealth:

1) Do the math. Get a budget and calculate your net worth

2) Get an emergency fund. Save at least 6 months worth of expenses

3) Limit costs. Spend no more than 30% of your income on housing

4) Max your retirement. Maximize contributions to your tax-deferred retirement accounts

5) Pay yourself first. Set aside money for yourself before you take care of your other bills

6) Set goals. Goal let you get ahead faster

7) Avoid high interest debt. Avoid credit cards, title loans and other usurious loans

8) Diversify. Diversity your assets.

Credit Card Usage Statistics Prove They Are Leading Causes Of Financial Stress

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