We Asked, You Answered: Credit Card is Biggest Budget Breaker


Last week, we polled our readers on their monthly expenditures. And what did we discover? Our debts continue to haunt us and gobble up a big chunk of our paycheck and yet we still prefer the luxury of eating out rather than cooking at home. (Perhaps, most of the money is spent on booze, to drink the economic sorrow away?)

Our poll shows that a third of our readers (31 percent) spends most of its monthly budget paying off credit card bills. Trailing in at second place with 23 percent are those who spend the bulk of their paycheck on dining out.