Much of the debt owed by Americans today involves credit cards, personal loans, and even payday loans. These offer an easy way to get whatever they may choose to buy on the spur of the moment, but when that interest starts adding up, many are sorry they let themselves get so deeply in debt. This way of spending becomes a habitual problem, and habits are hard to break. Learning WHY WE SPEND like we do can be very beneficial. There is help for many in need and it comes in the form of education regarding debt management and self control.

Learning how to get out of debt, and break those bad habits, is necessary for those who have overextended their credit and are awash in debt. A few of the things debtors will learn about their spending habits that the credit card companies do not want us to know are:

It's virtually painless to use a credit card, while forking over cash hurts your wallet immediately.

Credit card companies offer incentives with every statement (offers to purchase items directly from them).

Interest rates go up tremendously when you don't pay on time.

Late fees and over limit fees cost more than many of the items charged to the card (how many are still paying for last years Christmas gifts?).

The idea of debt management training is to keep folks from getting deeply into debt in the first place. Programs like the Federal Grant Relief for Citizens, which is part of a government funded grant program, are aimed at assisting the many millions of people who are finding it difficult to pay their bills and keep food on their tables. This and other federal granting assistance is part of President Obama's stimulus program and intended to help people get back on their feet financially.