There is good news coming from the recession.
Last week, we learned that American consumers have cut their their debt by $21.6 billion, the largest ever on record, with credit card usage accounting for $6.1 billion of that total.
Add that to the personal savings rate hitting 6.9% in May, the highest since 1993, and it’s obvious that people are taking better control of their finances.
Everyone is in a different boat, but we’re all trying to improve our financial situation right now. I want to know what you’re doing.
So, how are you improving your financial situation?
Answer the poll below and then let me know why in a comment (you can pick more than one answer).
About the author: Jason is the author of Automatic Finances: 17 Days to Your Financial Freedom, a guide to automated money management. He started investing thanks to a free lunch, and after finding out how he was getting the short end of the stick, he sought out how to do it right. More »