"Consumer Reports says 13 percent of Americans are still paying off credit cards that they ran up to buy 2011’s holiday gifts." It's time for a reality check if you are running a balance on your credit card. http://fsp.bc.edu/13-percent-havent-paid-off-christmas-2011/ Check out the details about the psychology of holiday shopping and carrying a credit card balance when you have $ in savings to pay it off. With interest rates on saving below 1% and average credit card APRs at 15% (http://www.creditcards.com/credit-card-news/interest-rate-report-112112-unchanged-1276.php) it makes NO sense to carry a balance. Don't buy more stuff until you've paid off last year's holiday bills!
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