Credit card debt has become a pervasive financial challenge for many Americans. The average credit card balance is now over $6,000, according to Forbes Advisor. Mounting debt can feel overwhelming, but it’s essential to remember that it’s possible to overcome it and regain control of your finances. https://trib.al/EcM2Z7i
I own Citibank CC 19 years ago...to my experience discipline in pay your CC debt is the key. I use to it regularly for buying groceries at the end of the month then paid by end of the next month when payday. Do not spend more than salary, 1/4 of it is enough...so you still can manage your income for saving...and others needs...I think I was good financial manager at that time 🫢 Now I don't have CC and free debt to the bank..and to have CC harder than before. We have to own CC first before applying...😅 For me it's ridiculous if any bank we apply for CC and the requirements is same...how we get the first one...? Meanwhile my business which requires traveling needs CC 🥹
I'll keep this in mind :
Retired
2wI’m waiting for this Administration to try to cancel this debt as well. We can’t have people meeting financial commitments they make voluntarily, can we?