Boy, we Americans are in a lot of debt! In fact, many of us
have more money charged on our credit cards than we have in the bank. High gas
prices, rising food costs, and other personal expenses are likely to blame.
In a recent survey by the Consumer Federation of America,
54% of Americans say they have a savings plan with specific goals. However,
only 43% actually have a budget that allows them to save enough to meet those
A separate survey done by Bankrate.com
found that one in four Americans has credit card debt greater than what they
have in the bank.
"The problem that a lot of households are confronting now is
that their expenses continue to creep higher and their income is not," said
Bankrate.com's Greg McBride. "And it just makes it that much more difficult to
make progress on things like savings and debt repayment."
One approach to tackling that debt is paying off the loan or
credit card with the highest interest rate first. But also try to come up with
a plan that allows you to pay down debt while also putting away a consistent
amount in savings.
With many of us getting tax refunds soon, it's a good time
to get a jump start on paying off those cards.
Sunday, May 19 2013 10:07 AM EDT2013-05-19 14:07:39 GMT
From the Tyler Police Department: TYLER, TX (KLTV) - On Saturday at approximately 8:50 p.m., police responded to a pedestrian accident that occurred in the 2300 block of West Erwin Street in Tyler. UponMore >>
The pedestrian was immediately transported to East Texas Medical Center with life threatening injuries, where he later died from his injuries.More >>
It's been less than 10 months since the world record for a lottery prize. On Saturday night, it could conceivably fall once again.More >>
It's all about the odds, and one single ticket in Florida has beaten them all by matching the numbers drawn for the highest Powerball jackpot in history at an estimated $590.5 million, lottery officials disclosed Sunday.More >>
Sunday, May 19 2013 1:11 AM EDT2013-05-19 05:11:43 GMT
(NASA/CNN) - NASA scientists recorded a powerful explosion on the moon recently. A meteoroid struck the lunar surface at speeds of 56,000 mph on March 17. The impact was so powerful the flash of brightMore >>
A meteoroid struck the lunar surface at speeds of 56,000 mph on March 17.More >>
Sunday, May 19 2013 12:56 PM EDT2013-05-19 16:56:47 GMT
The Nacogdoches Sheriff's Office was called out to the Ponderosa area Sunday morning around 2:30 AM to a party where an intoxicated Francisco Rivera had assaulted a party-goer.Police say 26-year-old RiveraMore >>
The Nacogdoches Sheriff's Office was called out to the Ponderosa area Sunday morning around 2:30 AM to a party where an intoxicated Francisco Rivera had assaulted a party-goer.More >>