2014
It's estimated that the average U.S. household has more than $15,000 in credit card debt. While staggering, this figure doesn't include the cost of mortgages, cars or any other loans. It's safe to say that a number of people are carrying a considerable amount of debt. It's important to keep your debt load as low as possible. However, for many people, this is easier said than done. Knowing how to minimize debt is an important skill to have.
Imagine this scenario: you're browsing your favorite apparel store, trying on some bracelets when you're distracted by running into an old friend. The two of you decide to head out and grab lunch. You begin to venture out of the store, not realizing you're still wearing one of the bracelets you were trying on. As soon as you exit the store, you're approached by a security guard and asked to step into the store manager's office.
