Tag "credit card debt"
Tweet This is especially true for people who need to save money the most. Quick fixes like selling stuff online doesn’t ensure that you’ll be able to save money consistently.
The untrained eye may gauge the high disposable income in a population and surmise that the economy is doing just fine. That is before a study such as one conducted by the Fed Reserve in 2014 on Household Incomes and Decision making shatters that perception.
Despite our best intentions, spending within the limits of our carefully planned budgets is not always simple nor possible. With the rise of clever marketing tactics and easy credit, overspending has become a habit rather than an isolated setback or an emergency triggered decision.