New Year's Resolutions: Save Your Credit And Your Marriage - part 1

by Jeanette Joy Fisher

Before you whip out your credit cards this year, consider this: more than 70 percent of divorces in America are brought about due to financial problems. It's so easy to use your credit cards to buy items you want. But stop and think first.

Overwhelming debt is stressful from a financial standpoint, but financial stress can also damage your relationship. More lovers fight over spending money than any other issue. In fact, the average American consumer carries so much credit card debt that they're only three paychecks away from having to declare bankruptcy.

Understand that when you charge something, you will pay, on average, more than 130 percent for that item than if you pay cash for it. And, if you only make minimum payments, you're only paying ten percent towards the charged item and ninety percent interest. If you are one of the millions of Americans who are only paying the minimum amount on your charge cards, start paying MORE each month. Even if it's only a little more. Reducing the principal balance will shorten your overall payment schedule--sometimes by hundreds or even thousands of dollars.

 

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Stop charging consumables such as

Gasoline. It just burns up!

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New Year's Resolutions: Save Your Credit And Your Marriage


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Related Questions:

Other resources for Save Marriage Credit Card

Used my husbands credit card w/o his permission-he found out. How can I save my marriage and earn his trust?
I am paying the debt myself and did not make any late payments. Used it for last 2 months w/o his permission or knowledge. This is second time in our relationship (7 years together-1married) that I have lied about money. Now he doesn't know if he can stay married b/c of trust issues. Please give advice -
read answers...

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