The average American household has a credit card balance of $15,609. Where do you fit into this statistic?
How many credit cards do you have?
1 or 2
3 or 4
What do you use your credit cards for?
Fun and adventure
How do you manage your budget?
With professional help.
With careful planning.
Where are you more likely to go on vacation?
Out of the country
Out of the state
Out of town
Do you make more than your minimum payments each month?
No. I barely make the minimum.
Yes, just a little bit more.
Yes, much more.
What is the most expensive purchase you've made recently?
Groceries or Supplies
Clothes or Shoes
Vacation or Entertainment
How old were you when you got your first credit card?
18 - 25
25 - 30
How large is your household?
Small, 1 to 3 people and pets
Average, 4 to 6 people and pets
Large, more than 6 people and pets
What is the most expensive thing that you own?
House or Vehicle
Computer or Phone
Boat or Other
Which word best describes your spending habits?
Your credit card balance is around $1,500. You do not have very expensive tastes, and you primarily use your credit cards for bills and emergencies. You are good at managing your finances and keeping your debt low.
Your credit card balance is around $5,000. Don't feel too overwhelmed, because you are still below the average. You do your best to manage your finances and stay on top of things. It won't take you too long to get this balance down.
Your credit card balance is around $15,500. You are like most people with a fairly substantial amount of credit card debt, and your balance is very close to the national average. You may have made some wrong turns along the way, but you are not alone. Keep working to bring your balance down and you will be successful.
Your credit card balance is around $30,000. You have quite a bit of credit card debt and fairly expensive tastes. Your balance is almost twice the national average, so you have some work ahead of you to bring it down. Try rearranging your budget to make larger payments to your credit card companies, and try using those credit cards less.
Your credit card balance is around $50,000. You enjoy spending money on things that you love. This is much higher than the national average, so you may need to slow down the spending, make some sacrifices and increase your credit card payments to get on top of this debt. Try consolidation for a lower interest rate.