Thursday, September 16, 2010

How much credit card debt do you have? What did you spend the money on?

We hear so much about how much credit card debt everyone has but rarely what people spent the money on. So, I ask you: how much credit card debt do you have? Did you spend most of it on stuff you genuinely needed (like an ER visit for a broken arm), on stuff that will pay off in the long run (like education) or on things that you, realistically, did not need (new shoes if you already have plenty of shoes, a big TV if your small TV still worked fine, dinner out, entertainment, etc.)? (Also, how old are you?)