We all have goals in life that require money. Some may be long-term, like having money for retirement. Others may be just around the corner, like buying a car. In some cases we're not able to save quickly enough, so we make purchases on credit. This is not necessarily bad, when done responsibly. However, if you struggle just to pay off debt you've already accrued, it's impossible to save for future goals. This video looks at a specific example of how to go from owing money to saving money.
How much credit card debt does the average cardholder have? Estimates projected this amount to be $6,500 by the end of 2010 according to money-zine.com accessed on July 29, 2011.