Infographic: Credit Woes Resolved in 2012

With all the presents, parties, and other expenses of the holiday season, it’s all too tempting – and all too easy – to overspend. And now that the new year is in full swing, many spendthrifts are feeling the sting of their foolish ways and making resolutions to never do so again. Here, we take a look at the behaviors of the smart spender versus the over spender, as well as how holiday- incentive credit cards can get you into trouble.

Then, we propose a smart plan of action to stay on budget in 2012, in addition to breaking down the real financials behind different kinds of debt, including a personal loan, a car loan, a high-limit credit card, and a home mortgage. By understanding just where your money goes in terms of interest, it’s much easier to see how you’re throwing money away with out-of-control debts. Here’s to a frugal and financially sound 2012!

Graphic Courtesy of Consolidated Credit Counseling Services, Inc. Credit Card Debt