We’re often told in the Peak Oil community “get out of debt,” and yet, as we continue to pay the minimum on the credit card each month, it appears to have little effect on the overall balance of the bill. Should we forget about getting out of debt and just start putting up supplies? Not unless you have a crystal ball that tells you when all US banks will fail, and that whatever entity takes them over will be unable to figure out how to collect your monthly payments.
Here are some concrete suggestions on how to break out of the cycle.
Here are some concrete suggestions on how to break out of the cycle.
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