default avatar
Welcome to the site! Login or Signup below.
Logout|My Dashboard

Life is Expensive: How to Avoid Debt

Font Size:
Default font size
Larger font size

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.

Rules of Conduct

  • 1 Use your real name. You must register with your full first and last name before you can comment. (And don't pretend you're someone else.)
  • 2 Keep it clean. Please avoid obscene, vulgar, lewd, racist or sexually oriented language.
  • 3 Don't threaten. Threats of harming another person will not be tolerated.
  • 4 Be truthful. Don't lie about anyone or anything. Don't post unsubstantiated allegations, rumors or gossip that could harm the reputation of a person, company or organization.
  • 5 Be nice. No racism, sexism or any sort of -ism that is degrading to another person.
  • 6 Stay on topic. Make sure your comments are about the story. Don't insult each other.
  • 7 Tell us if the discussion is getting out of hand. Use the 'Report' link on each comment to let us know of abusive posts.
  • 8 Share what you know, and ask about what you don't.

Welcome to the discussion.


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?

Total Votes: 90


Mailing List

Subscribe to a mailing list to have daily news sent directly to your inbox.

  • Breaking News

    Would you like to receive breaking news alerts? Sign up now!

  • News Updates

    Would you like to receive our daily news headlines? Sign up now!

  • Sports Updates

    Would you like to receive our daily sports headlines? Sign up now!

Manage Your Lists