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Have a whopping 848 billion dollars in credit card debt and while it may seem convenient time to charge didn't pay later there are some expenses experts say should never be purchased with plastics -- pay attention -- Easter break -- down for us retail analyst.
He's the provocative she's here that with us bright and early this morning and some of these things I am guilty of -- I -- most Americans are.
A lot of Americans are definitely Americans right now.
If your household that carries -- the average is about 151000.
Dollars well savings rate in this country is the lowest it's been and since before the recession -- three point 7% so a lot of people -- putting that.
Spending on their cards so one of the things people like to save -- is college tuition but they also are charging college tuition rate well you know what the unemployment rate as were pretty much at a standstill so it's not guarantee that you're gonna have this high paying job right afterwards the last thing you -- -- do is put.
A large bill on your card.
Now my suggestion is that he can't get a scholarship get a low paying interest -- or go to -- -- -- less expensive school if you can do that.
Or if it's really a problem in receive your money before you go because I would imagine the credit card interest are much higher than like the Stafford -- people might might college loans were it was a 1% or less than 1% -- percent -- played most of the interest Richard -- like 20% on a -- party team -- -- high percentage on that it -- -- -- OK number two taxes why would.
Explain this when you put taxes but your credit cards right we'll be iris makes it very easy to put on your credit card especially -- a lot.
-- -- -- -- line rent exactly the problem is is that they also attack on the processing fees somewhere between.
2.5 percent to three point 8% so not only paying your tax developing you have to pay that processing fee and interest rate on your credit card that he -- -- -- the -- wrestler teed you up payment plan it's going to be less expensive trio.
Aside -- a wedding paying for a wedding on your credit hour.
-- -- -- -- means yes exactly now everyone wants a great day he announces major day of you where you shine but the last and you wanna do is start your life out.
On him on debt so what I suggest is again live within your means go to web sites -- like a -- early hundred layer cake.
These are great ways to DIY your wedding without going up report.
Vacations I'm guilty of this rant at me when you have that card that you wanna get the points right or the airline miles or whatever it is and you get back in -- boy who if you look at that -- exactly again you don't wanna go over your means here so.
I suggest either go visit a family member or friend our little website like mint dot com they're great but they do is that they you -- go ahead and schedule Alex put away money and set goals for yourself 36 months nine months schools and then save that money for and a great vacation that we just paying cash for it as opposed to putting under Chretien and his great great iPad -- violence happening under -- by the -- that's -- -- -- yeah.
Medical bills finally the last thing you should not put on your credit card right exactly now up and we all know that you know if you have a preexisting condition.
You may not be able to get insurance I suggest that you go ahead and try to get the cheapest -- insurance if possible even if it's just disaster insurance if you can't do that.
And you have huge medical bill again you can cut a deal with the provider either the hospital or Europe we know that doctor.
To try to pay those bills down without having to pay that interest rate that's on your credit crash adding an additional 18% interest rate -- your medical Vilma.
You wanna do you actually not he's a great tips this morning some of which I've never thought of and I will make sure I don't charge that vacation next time -- I want either -- either.
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