With the holidays behind you, the new year is a great time to get your finances back on track if youve slipped a bit. By dedicating yourself to using credit responsibly and sticking to a sensible plan, then you can effectively pay down your debt.
According to debt.org, total U.S. consumer debt is at $11.4 trillion, which includes mortgages, auto loans, credit cards and student loans. On average, each household with a credit card carries more than $15,000 in credit card debt.
Better Business Bureau offers advice to help you get back on top of your financial situation:
Dont go deeper in debt by continuing to use credit cards. Put your credit cards away and pay with cash or a debit card.
Set up a budget. Total up regular monthly ex…
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