Well it looks like its time to forget about high prices of gas or skyrocketing prices of groceries. Debt is becoming the number one killer for many people out there although all these other prices are just adding to the problems overall.
For people with debt it is becoming increasingly more diffucult to lead everyday normal lives. Gas is starting to be #1 killer, but at least most of people are paying with cash so no borrowing costs are involved in the transaction. What people may consider is staying and vacactioning closer to home to ever further more reduce the consumption of gas.
Overall cost of debt grows exponentially as the combined intrest with credit cards, mortgage or loans increases rapidly. If you take for example a simple credit card on which you might owe $5000.00 USD and then assume you are at 10% intrest and are paying $100 USD a month, it would take you about 10 years or more to fully pay your debt. About $1500.00 USD would be spent on intrest alone and total amount to pay off your debt would be $7500.00 USD.
Debt consolidation is a tricky issue and can be a challenge, but it is best to not rely too much on credit and to always get the best and most profeesional advice one can have in regards to this. There are lot of agencies out there that can help highly with consolidating debt and help you establish proper channels to communicate with the main creditors and also set up payment options and plans, and also help you to handle your book and record keeping tasks.