Basic Money Lessons You (Probably) Missed in High School

By SHARE

The implications of too much debt.

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Accumulating excessive amounts of debt—whether they come from student loans, auto loans, or credit cards—can wreak havoc on your personal finances. The average American household with at least one credit card has approximately $16,000 in credit-card debt, according to CreditCards.com. If you miss payments on your credit cards, you could tarnish your credit score, and it may be hard to recover from that.

Next: How credit works.


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