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Friday Flight - Rusty Realtors, Insurance Issues, & Home Equity Expenditures #708

How to Money

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The Cost of Credit Card Debt

The biggest spending areas that have led to this balloon are dining, travel and experiences. We're going into debt for once, not needs. The average person has about $6,000 in recurring credit card debt at an average interest rate of about 20%. It's a lot of money, but it shouldn't be normal.

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