Earning money is not an easy job to accomplish for most people. Even then, more than a third of Americans carry a credit card debt, which is way more than what they have in their savings account, according to a 2019 Bankrate report. And if we take WalletHub’s recent credit card debt research into account, we as a society have reached a milestone we shouldn’t be proud of – for the very first time in the history of the world, the United States combined owe more than a trillion dollars – yes, a trillion dollars – in debt accumulated through credit cards.
The above mentioned facts just lay it out bare open how good we really are when it comes to financing. But if you are looking for a silver lining, you can take lessons from that and become a more financially responsible citizen starting today. Read on to find how you can avoid wasting your hard-earned money and spend your money in a wise manner.
BUY AN OLDER MODEL PHONE
YOU NEVER HAVE TO PAY THE FULL PRICE OF ANY PRODUCT OR SERVICE
GO FOR A HEALTH SAVINGS ACCOUNT
ALWAYS GO FOR A FAMILY PLAN WHEN IT COMES TO NETFLIX