New Savings Theme: Credit Card Debt

August 1, 2013
By Katie Bryan, America Saves Director

The latest resource packet on Credit Card Debt is now available to help you, your family and your friends better understand the importance of savings, and the profound effect that credit card debt has on consumers. The packet includes a sample article, social media content for the next five weeks, as well as tools and resources for you to share with your Facebook friends, Twitter followers and everyone else you know.

Download the Resource Packet

Credit card debt – it’s something that hangs over many Americans. According to the Federal Reserve, in April 2013 the average credit card debt equaled $3,364 per U.S. adult. This assumes that EVERY adult has a credit card and that those cards carry debt. But not all adults own a credit card. Young Americans are among those ditching their credit cards and not all households with credit cards carry a balance each month. The only way to reduce credit card debt is to make payments each and every month. To reduce this even faster you should pay more than the minimum payment each month...

Our goal at America Saves is to promote the importance of savings and encourage individuals and families to take financial action. To help the people you serve save more successfully and to promote the importance of savings at a national level, we have put together this resource packet with you in mind.

More Articles from America Saves:

·         Tips for Dealing With An Unexpected Loss of Income

·         How to Handle Financial Records

·         8 Tips to Prevent Identity Theft

·         Top Tips for Saving for College

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Tip of the Day

  • Written by Administrator2 | January 12, 2014

    Keep track of your spending. At least once a month, use credit card, checking, and other records to review what you've purchased. Then, ask yourself if it makes sense to reallocate some of this spending to an emergency savings account. http://ow.ly/sj972

Saver Stories View all »

Getting Out of Debt

Written by Katie Bryan | October 28, 2013

In 2004, Tonya Shelton was facing financial ruin. Barely making more than minimum wage and having lost her home to an unexpected family crisis, Shelton and her family were forced to live in a rundown hotel.

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Starting Over

Written by Katie Bryan | October 28, 2013

Until last summer, Michael Lindman spent money freely. “I was a union truck driver for 35 years and had a good income,” said Lindman. “I owned my own home, saved a little, and tried to live within my own budget. You always think there’s going to be that much coming in, but things can change in a split second.”

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Coping with a Lost Job

Written by Katie Bryan | October 28, 2013

Aimee Shaffer worked as a Public Service News Director for radio for years until one day her employer downsized the company, resulting in hundreds of lost jobs, including Aimee’s.

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