We have a 1 year old and NO credit card debt. If we can’t afford it, we don’t buy it.

We pay off our card every month - before we fall into the trap & try to use cash as much as possible.

I have none I do not own one single credit card if i can’t afford it at the time i figure i don’t need it.
p.s. married with two kids

This is not to sound like this is the best way, this is simply my way due to the fact that i am cheap and when you buy something with a credit card you spend more for it in the long run due to interest and what not.

If you exclude house and car as debt then you will find a lot of people who don’t have credit card debt. The average household credit card debt it high only because the people with debt usually have a lot of it because it is a slipper slope. From my experience you have zero debt or in the thousands, it is rare to find someone with 500-1000 credit card debt.

I am married with a 4 year old and we have zero credit card debt.

I have 3 children, a long term boyfriend and we have zero debt. Owe nobody (other than rent, phone, car insurance.. the normal stuff) nothing!

We have no credit card debt. Credit cards are great if you use them judiciously. They can also be your financial downfall. However, according to a statistic I saw in Kiplinger’s magazine, 15% of credit card holders have balances greater than $10,000. (I expect it is higher now considering the floundering economy) . So DUH!, most credit card holders have a lesser balance or no balance at all.

Some other credit card stats:

As of January 1, 2006, the average credit card debt per household in the U.S. was $9,159.

Sixteen years earlier on January 1, 1990, the average credit card debt per household in the U.S. was $2,966.

The average American has 9 credit cards. (This includes gas and store credit cards )