Car loans

Your selection of a car is one of the biggest financial decisions you will make, after the choice of a house. It is very difficult to come out ahead with your car, since it constantly loses value.

Credit Cards

Americans are notoriously deep in debt—and not just for their home and car. The average adult carries a balance of thousands of dollars on any number of retail and bank credit cards. Personal loans—including home equity, debt consolidation, and student loans—also contribute to this debt load. What is
important about this, is that all of these sources of debt contribute to the draining of a family's budget.