What is the most reccomended way of debt free life?

[Stardom22]

Most people nowadays have really failed to live debt free life. Majority of the ordinary people in the streets are heavily indebted or have one way or another been in debt. So what are the most common ways of living debt free?

 

[Springtime]

I am fortunate that I do not have any debts except that I use credit cards. But I pay off my credit card bill in full every month. To live a debt free life, work hard to earn, and never spend more than you earn.

 

[eLdavis]

One of the best way to live debt free is to simply live according to your earnings. Do not buy beyond what you can afford, and develop a habit of saving.

 

[Suba]

The easiest way to live debt-free is to avoid taking on debt. If you already have debt, pay it off immediately. Never take on debt to pay off other debts. Live simply and increase your income.

 

[eLdavis]

Yes you are right, you have to first avoid taking out more loans, then self discipline comes into play as well.

 

[Springtime]

Avoid taking out loans. Try your best to earn money from various sources. Never spend more than you earn.

 

[Starmix]

I don't have a debt, it's not my attitude. Also there's no reason why borrow money or apply for a loan in a bank or private company. Once you start borrowing money, you'll get addicted to it until the time comes, you can't anymore pay and may land in prison. The best possible way is to stay away from debts. Pay them and stop.