The credit card is a tool most people cannot live without. The ease of getting a card coupled with the ease of its use means many people sign up for them willinginly but forget the most important part of having a credit card.
“The bill comes due, and many people struggle to make even the smallest payment. This means carrying a balance, which will take years to pay off at the smallest amount,” said Jeff Badu, a tax accountant working in Chicago Illinois.
Badu notes in particular the amount of debt each generation carries. Generation X currently has the largest amount followed closely by the baby boomers. What is more troubling, however, is younger generations are closing the gap of debt.
Younger generations are increasing their credit card debt faster than any other generation. There are likely a few reasons for this, including the pandemic and the job market.
Badu’s accounting services in Chicago, Illinois, also cover fiscal planning. He can help credit card holders with their debt and provide real solutions. Many times, people are able to manage finances well enough they can cut their credit card debt significantly.
Jeff Badu is a certified public accountant offering tax preparation services in Chicago, Illinois. His website offers additional information for interested clients. Visit www.badutaxservices.com to learn more or to schedule a consultation.
Company Name: Badu Tax Services LLC
Contact Person: Jeff Badu
Email: Send Email
Address:4258 N Greenview Ave Ste 1E
State: Illinois 60613
Country: United States