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Mistake #10: High Credit Card Debts

"Credit buying is much like being drunk. The buzz happens immediately, and it gives you a lift. The hangover comes the day after."

~ Dr. Joyce Brothers (1927-), American Psychologist, Television and Radio Personality.

10. Running up a high credit card debt. Americans owe an astounding $876 billion in revolving credit, paying about $127 billion in credit card interest in just one year. About 15% of Americans are on course to declare bankruptcy at some point in their lives, often at least partly because of high credit card debt! Learn what to do: see how to manage debt and monitor the best credit card offers at: http://www.consumercardreport.com.

(Next Gem: Mistake #9: Forgetting Safety)

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