Bankruptcy often comes as a result of huge medical bills, which are themselves often the result of not taking care of one’s physical health. Credit card debt consolidation comes from spending too much on credit cards, and a large monthly expense for many people comes in the form of a gym membership or spending on so-called “health food”.
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It’s hard to find something new and interesting to say about debt. For most of us, it is part of the background of our lives. It doesn’t fascinate us; if we are lucky, it doesn’t pre-occupy us. Debt is a silent buttress to most of our financial lives.
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In his article on msnbc.com, Mike Stuckey describes an average family stuck in the throes of the middle class squeeze. The Brennans, whose combined income of $70,000 is above the national average, are unable to purchase a home in the Seattle suburbs they would like to live.
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Members of the debt-relief community know how important it is to save money. We are all trying to better manage our finances, cut down on credit card debt and avoid the pitfalls of debt consolidation or debt settlement.
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