Credit Card Debt Racking Up

So how many times did you swipe your credit cards last year? A new study finds consumers used a lot of plastic on the final quarter of 2015, to the tune of 52.4 BILLION dollars.

That’s nearly as much as was rung up in all of 2014.

Jill Gonzalez from Wallethub says the last time that much credit card debt was accounted for was right before the financial collapse of 2008.

So to keep your family from getting into trouble, she says set a budget and stick to it then pay off that plastic as fast as you can.

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