The average American family walks around lugging $7,000 in annual consumer debt, according to CardTrak. That's a little more than $583 per month in extra money spent, if you want to see it in stark terms. Clearly, most people are living beyond their means.
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Note: As of 2017, The New Homemaker is an archive. The articles on the site are all original to TNH. For more musings from Lynn, the person behind this site, go here.
