Americans’ Savings Behavior and Credit Card Tips [Infographic]

Recently, BillShrink released an infographic about savings and credit card payoff trend based on their user data as a litmus test for Americans’ behavior. How much are Americans putting away in their savings? Based on their study, average savings has declined from $62,093 in 2009 to $33,552 in 2011. Also, planned monthly savings dropped from $537 to $495. Apparently, some of the money are being diverted to debt payment, which got more attention than savings throughout 2010.

Credit Card Savings Tips

Additionally, BillShrink offers the following credit card savings tips:

Check out their infographic below and click on the image to visit their site.

Source: BillShrink

About the Author

By , on Jun 28, 2011
Pinyo is the owner of Moolanomy Personal Finance. He is a licensed Realtor specializing in residential homes in the Northern Virginia area. Over the past 20 years, Pinyo has enjoyed a diverse career as an investor, entrepreneur, business executive, educator, and financial literacy author.

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Leave Your Comment (2 Comments)

  1. Kevin Mulligan says:

    @Krantcents: Spending less than you earn — on credit or otherwise — is the first step to financial success.

  2. Krantcents says:

    I have used your points forever. Taking control of your spending is the first step to achieve control of your debt. Never buy anything on your credit card that you cannot pay off at the end of the month. If you have debt, have a plan to pay it down as soon as possible.

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