Four Strategies to Avoid Family Debt

debt

Financial threats can visit families in many different forms.

A health crisis, student loans or a broken transmission can all lead to unexpected debt.

While the average family share of credit card debt is $15,325, NerdWallet notes American consumers owe $11.16 trillion to creditors.

Mention a formal budgeting process to families, and you’ll most likely get an eye roll that would make any teenager proud.

When even seasoned economists can’t agree on where the economy is going, how is the average family expected to know what is best for their economic futures?

 

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