The monthly report from the Federal Reserve indicates that more Americans are borrowing for "big-ticket" items via boat, education and car loans, while simultaneously decreasing their amount of credit card related debt.

The Federal Reserve's recently released figures, which tracked spending throughout February, are broken down into "non-revolving" and "revolving" debt. In simple terms, revolving debt is anything that's put on a credit card, while non-revolving are long-term loans other than mortgages (typically boat, education, vacation and car loans).

Non-revolving debt saw a big upswing in February, as it increased by more than $10 billion dollars. That was coupled with an $8 billion increase in January. Analysts are pointing to the brisk sales at auto dealerships as one of the primary causes, as Americans are financing their new purchases with auto loans.

On the other hand, credit card debt shrunk by more than $2 billion in February, suggesting that consumers are being careful with their finances. With the two figures combined, debt increased by 3.8 percent, the biggest swing since June 2008.

Drivers who need a car but are still being careful with their financial budgeting may want to come down to New Jersey State Auto Auction. There are a wide variety of models to choose from, and drivers can get car loan financing for the vehicle of their choice with terms that won't break the bank.