Credit cards
February 26, 2020
I’m Miriam Neff-with STARTING OVER FINANCIALLY, and I’m Valerie Neff Hogan, and we’re here to talk about money.
M Credit card debt is a greedy beast. The average more credit card holder has more than 3 cards. The average debt per household is $5,700. The average for balance-carrying households, that number is $9,333.
V Given that those balances roll forward, if the owner is paying the minimum amount and 17% interest charge that person is lighting a match to $1,600 dollars a year. You best choice is to stop charging. No cash, no purchase. You might contact a recommended resource for help like trinitycredit.org.
M Its about more than money, my friend. Its being accountable stewards of all God has entrusted to you. Peace of mind is an added bonus.