Don't let keeping up with the Joneses run you deep into debt

At some point over the past few decades, having debt became normalized for the individuals here in the United States. Past generations shunned the idea of owing and buying on time. But today, many families live beyond their means on a regular basis.

On average, American households owe more than $10K just on their credit cards - without factoring in the balance on student loans, home mortgages or monthly car notes.

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