These days, it can feel impossible to stay on top of credit card debt. The cost of living is going up, inflation is on the rise and job growth is slowing.

And more Americans are falling behind on their bills. Credit card debt in the United States is at a record high. In the second quarter of 2025, credit card balances in the U.S. rose to $1.21 trillion, a 5.87% increase from a year ago, according to the Federal Reserve Bank of New York .

With interest rates often up around 20%, credit card debt can be a pretty big hole in your financial boat that you'd be better off plugging to keep yourself afloat.

That's why Life Kit created a Guide to Paying Off Credit Card Debt . In this one-month newsletter series, financial educators explain how to create a credit card payment plan that

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