What are the possible ways set in place for you to avoid debts?

[Stardom22]

As we all know that debt is something that is not good to embrace on. Most people that have relied on the debts for their personal financial development had not ended well. So what are the prevalent ways for one to practice so that they can stay away from debts literally?

 

[Augusta]

I try to understand my debt Review all my loan statements and bills and fully understand how much debt I owe each month to pay back

 

[Springtime]

To avoid debt, I do not spend more than I earn. I use credit card for cashback, but I always pay the credit card bill on time so that I do not need to pay any interest.

 

[Fire&Rain]

well, first, avoid spending more than what you have. Limit yourself as much as possible. If at all you come across an instance where you really need create a debt, make sure you can be able to pay it back within a reasonable time.

 

[Augusta]

If I can't afford it without a credit Card, I don't nuy it · I try to have an emergency fund to help me handle emergency

 

[Nomad]

People incur debt because they do not have enough money to pay bills or they want to start a business. Cut your spending to avoid debt and use your saving to build your business

 

[eLdavis]

One of the ways i often use to avoid debts is to spend within my means, meaning if i cant afford something i won't buy it.

 

[Suba]

Although not all types of debt are bad, if you want to avoid consumer debt, you must be able to restrain your desires, especially when buying goods using the Paylater platform available in various marketplaces.

 

[pousinha]

If the salary is too small, unfortunately, it may become necessary to cut even basic expenses (for ex., a lot of people in my former country postpone medical tests and wait to see a doctor during more time than desirable).

 

[Augusta]

You need to Work out a budget and deal with priority debts · Consolidate the debts if you can for fast relief

 

[freelancermaria]

To avoid debts, it is a good idea to live within your means rather than beyond them. Some people still live beyond their means, even with limited income.

 

[magnus2022]

The best way to stay out of debts is to live within your means. Don't try to impress anybody. Work hard and earn a living. Be consistent with whatever you are doing. Gradually but consistently, you will start accumulating some money.

 

[Kross]

One way to stay out of debts is to plan your financial life and live within what you can afford for your financial level.

 

[Augusta]

Avoid Borrowing for fun stuff. Keep track of your spending.Start saving early.

 

[King Belieal]

To avoid debts, just try to live within what you would be able to comfortably afford. Don't stretch to get things too might not be able to have.

 

[Augusta]

Yes have an emergency fund, a cash reserve that's specifically set aside for unplanned expenses.

One way to stay out of debts is to plan your financial life and live within what you can afford for your financial level.

.