With 3 million people applying for unemployment benefits in the past week, you can be sure many of these people are worried about how they are going to be able to pay their bills.

Our world deals in credit. We pay for just about everything with cards rather than cash. When you pay for something with a card, that card is either linked to your bank account or to a credit account.

When you’re young, retirement seems like a stage of life that will never come. Because retirement seems so far off, many 20-somethings would rather spend their hard-earned cash in the present than stash it away in a retirement savings account.