As the so-called “fiscal-cliff” looms, Americans are scratching their heads wondering how we got into this situation.
I’ve offered an answer to that question in another blog post, On The Debt Crises. That post begs the question of how Americans can avoid debt.
I grew up in an upper middle-class family. There were families who had more and those who had less.
Since then I’ve had periods in my life when I didn’t have a lot of money and times when I have.
When I was in law school, I didn’t manage what little money I had very well and as a result brought a lot of credit card debt into our marriage. My wife and I decided to deal with it and our other debts early on.