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Life is Expensive: How to Avoid Debt

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Posted: Sunday, July 14, 2013 10:00 pm | Updated: 1:33 am, Mon Jul 15, 2013.

(StatePoint) From going to school to going on a date to getting married, life has hidden price tags that have been sending many Americans down a path to major debt and bankruptcy.

Some of life’s most exciting events also bring with them the possibility to build major debts and harm our credit, financial experts are warning.

To help, the experts at Lexington Law, a provider of consumer credit correction services, are pointing out the financial traps in everyday life that easily ensnare the average American family.

Click Here to Enlarge Image.

Here are just a few financial pitfalls they are highlighting:

• Getting a credit card is exciting, but the average credit card debt is $7,093.

• The average date costs $130.

• In 2012, the average engagement ring cost $9,431, and the typical wedding weighed-in at $28,400.

• Mortgage debt currently is averaging $148,818 and the typical car loan is $26,700.

• 35-44 year-olds have the highest bankruptcy rate

More information on the financial pitfalls of life, as well as free financial education services, are available at www.lexingtonlaw.com.

Remember, the first step to better money management is being savvier about financial pitfalls to avoid.

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Should graduations return to the Grape Bowl?

Lodi Unified leaders are moving Lodi and Tokay high school graduations from the Grape Bowl to the Spanos Center at UOP in Stockton. They cite limited seating, costs and unpredictable weather at the Grape Bowl. But others say graduations at the Grape Bowl are an important Lodi tradition, and one reason many supported renovating the stadium. What do you think?

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