The great debt trap

One of the biggest debt traps that millions of people fall into is have too much debt on their credit cards. Getting these cards is easier than ever, and many people will take out too many of them. It becomes of never ending game of adding on more and more debt just paying the debt that you already have.
It is easy to take on too much debt this way because it does not feel like you are spending real money when you just slide your card. The worse thing about it is that children are getting hooked on using credit cards at an early age. In fact, they are often the target of some credit card marketing.

If you can help it, you should try to get yourself out of credit card debt and try not to encourage the proliferation of the credit card industry. You should not teach your kids to get hooked on credit too soon. If they get used to using it at an early age, then they will likely continue to use this financing option when they grow up. This could subject them to the same debt problems that you may find yourself in now.
Avoid using credit cards as much as possible, and work on paying off any debts that you have from these now.