Consumers, on average, are spending about 10% of their disposable income on non-mortgage debts including credit cards, car loans, student loans, and personal loans.  Furthermore, according to Federal Reserve data, the average amount owed by U.S. households with credit card balances was $8,602.  We recommend clients to establish a budget to keep you out of debt or help you work your way out of debt if you are currently in debt. 

Nerd Wallet recently came out with “The 7 Best Budget Apps for 2020”.  Check some of these free tools out: https://www.nerdwallet.com/blog/finance/budgeting-saving-tools/

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