How much are you loaded with debt burden?

Ohh you know this is my real problem now money debt and many more but the most ioss debt. No person is free of debt. How much loaded? well too much and overloaded my friend. As of today income of a father is not enough for the whole family because the growing economy crisis. ANd beside the children are all studying so the husband could not afford to support all our needs and now oblige to work too. well this is reality of life the only thing we do is to accept the facts that we are in the world of third country. Almost reached the line of poverty. But we will make it...

Well I currently owe around 2700 on a single credit card with an APR of 19.50 percent.I had the balance at 3000 just last billing cycle and was one of those revolver customers that just pays the minimum balance each month and this makes it take years even decades to pay down the entire debt principal.I put a lump 300 dollar payment this month instead of my usual 60 dollars and am going to put every cent I can afford to pay each month until the balance reaches the magic 0.00 number.After this I will not have to worry about unfair interest charges each month and am only going to charge things that I can afford to pay for rather then charging everything I cant pay for to a credit card.I learned a valuable lesson though about charging things to credit cards and will be very cautious in using them in the future.

Not very much, luckily I never had any big debts, even though I did use credit cards quite a lot when I was younger. But I never had very big expenses, so even when I was not as clever with money, I did not manage to add up any big debts. And now I would never do it, I do not want to be in debt, it is just not for me.