Americans have been using their credit cards more than ever this summer. Revolving credit went up by 9.7% in July compared with a year earlier, according to the Federal Reserve. After months of moderating borrowing for most of 2025, the sudden spike shows that many people are increasingly depending on debt to help cover everyday costs. Revolving vs. Non-Revolving Debt The Fed breaks consumer credit into two main categories: revolving credit, such as credit cards, and non-revolving credit like auto loan ...

If you feel like you're barely making ends meet, you're certainly not alone. In a recent study of American workers, nearly half of the respondents said they had less than $1,000 in savings, and 75% said they considered themselves to be living paycheck to paycheck. Putting money away in a savings account is critical to end the paycheck-to-paycheck cycle. But when you're strapped for cash, finding the extra money can be incredibly difficult. However, there are some small ways to save money on a tight budge ...