Are you overspending? What are some of the ways to maximize your money, and minimize your spending? Do you know what are installments? What is the difference between a credit card and debit card? What are the pros and cons? How can you curb spending on a credit card? Are you stuck in a debt? How can you get out of debt in the future or prevent yourself from falling into one?

A survey by CNNMoney.com presented 1,000 people with a hypothetical scenario about credit card debt and asked them to compute how long it would take to pay it off. Only 35.9% of the 1,000 respondents could figure out how many years it would take for the amount they owe on their credit cards to double. A full 18.2% did not know how to respond and 31.9% of those surveyed over-estimated the timeframe. Many people don't understand debt, which may be one reason that they have too much of it. This section will tell you how to manage you spending and debt.

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