$1.14 trillion in credit card debt?! 👀

Don’t become a debt statistic [The Penny Hoarder Daily]( [The Legit Guide to Debt and Understanding Each Type]( [The Legit Guide to Debt]( [And Understanding Each Type]( Debt is on the rise in the U.S. At the end of the second quarter, Americans owed a record $1.14 trillion on their credit cards, the Federal Reserve Bank of New York recently reported. (Yes, that’s trillion with a “T.”) Here’s the thing: You don’t have to understand debt to accumulate it. Some lenders probably like it that way because if you don’t take the time to learn about how each type of debt works, you probably don’t have a sustainable strategy for paying it off. But we know that knowledge is power. Don’t become a debt statistic — [educate yourself on debt instead](.   [Don’t Spend Your Life Chasing a 700 Credit Score]( You’ve got other things to do, like finding time to savor good days. Your credit score can actually soar past the 700 mark without spending all your time obsessing over it. We’ve got some tips to help you [boost your credit score with relative ease](. [Score More Points](   [How to Pay Off Credit Card Debt in 2024]( [How to Pay off Credit Card Debt in 2024]( The minimum payment is the bare minimum. It’s almost like treading water. If you want to [make a serious dent in your credit card debt]( spend a few minutes reading our guide on how to do it efficiently.   [These Tips Are for Americans With at Least $25K in Debt]( Good for you if your debt is less. But if your combined debt is more than $25,000, it’s time to [get a little creative to pay off your debt before you retire](. [Frugal people never spend money on these things]( [The Biggest Reasons You’re Stuck in the Middle Class]( It’s not the worst place to be in life. But if you feel like you’re not making much financial headway, we have some ideas about why that may be the case. We also have some [things you can do to move up in life](.   [Who Should Consider Bankruptcy, and Why?]( Maybe you have more options than you think. But if you feel like your budget keeps getting tighter, you should at least [get an up-to-date understanding of the benefits of bankruptcy]( in case your finances keep trending in the same direction.   [We'll Text You More Money Tips]( Some of the links in this post are from our sponsors. We provide you with accurate, reliable information. [Learn more]( about how we make money and select our advertising partners. We’re letting you know because it’s what Honest Abe would do. After all, he is on our favorite coin. © 2024 The Penny Hoarder. All rights reserved. 490 1st Ave S. Suite 800 | Saint Petersburg, FL 33701 | U.S. [View in browser]( [Mailing preferences]( | [Unsubscribe]( | [Privacy Policy](