Monday, August 17, 2009

Why be in the majority

“If everybody else jumped off a cliff would you, too?” Where was Mom when we ran up those credit cards because everybody else was doing it?

Don't let what the majority does lead you to believe it's the right thing. Seven out of 10 are living paycheck to paycheck and have an average credit card balance of $9,000 to $10,000. The average household has nine credit cards.

Why be in the majority on this one?
More Debt Management

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