According to CNNMoney, the average American has $10,700 in credit card debt, and a total of $59,000 in household debt.
Home ownership is a great way to provide stability for your family and long-term wealth as well, but getting your credit under control first is a must.
To work on improving your credit and diminishing your debt, you need to take a serious look at your finances. Are you spending more money than you're earning? If so, you need to establish a budget with the necessities first, and paying off debt with what's left over.
It's a challenge to stick to a budget, but with a goal of home ownership, you can persevere through.
For more advice on how to tackle your debt, check out this article from realtytimes.com.
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