Buying things you don't need with money you don't have?
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Credit card lowdown
March 13, 2007

Source: Home and Family Bills
Let’s face it folks – the average American is a compulsive spender, and here are the statistics to prove it. The American Consumer Satisfaction Index (ACSI) in May this year predicted that consumer spending was likely to increase, even as the growth of wages and salaries continued to slow down and the national savings rate went into the red. While increased consumer spending may be good for the national economy, it’s definitely not so for the bank balance of the average family, more so when you spend $12 for every $10 that you earn. It’s high time the purse strings were tightened, and we all started focusing on saving.

It turns out that the simplest ways to cut costs are the most practical ones – the lessons you learned from Mom, but somehow forgot all about as you grew up. Well, it’s not too late to jog your memory, dust those mental cobwebs, and get your financial act together with these easy cost-cutting tips.


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