Well it would appear so, a recent Consumer Reports survey shows that median consumer credit card debt has dropped by $1,100 since 2009, to $3,793. People that carry a balance of $10K is down 7% from last year. The main factor sighted in the report was the Minimum Payment Warnings that now appear on their monthly bill. Talk about a little motivation.
This warning makes it clear to consumers how long it will take and how much interest you will pay if you continue to only make minimum payments. I would like to think that all the PF blogs and people educating themselves have had something to do with it as well.
How do you stay motivated to keep you finances in order? Do you ever slip and binge spend from time to time?