According to the Federal Reserve Bank, Americans are borrowing more than ever. Revolving debt, which for most of us translates into credit card debt, rose nearly 10 percent during the second quarter of the year. The average family now carries more than $9,300 in credit card debt.

Not only are we borrowing more, but it’s costing us more to keep that debt afloat. The average credit card is now charging 13 percent on every dollar you owe. Penalty APR rates are now approaching 40 percent in some cases.

If your spending is out of control, you can do two simple things to cut back. First, drop your credit cards in a bucket of water and stick it in the freezer. It’s harder to charge when you have to wait for a block of ice to defrost.

Next, take a second job. If you’re working, you’ll be earning — not spending. Then, use that extra cash to pay off your credit card debt as quickly as possible.

With practical, informative consumer advice, I’m Ilyce Glink, News-Talk 750 WSB