Once you’re in debt, it can be a real bear to get out of it. That’s why, from the most practical of standpoints, your best bet to be debt free, is to never get into debt in the first place. And it sounds so very simple on paper. But it’s the details and circumstances that will often get you in the end, and then digging out of the hole becomes a supreme effort.
So, a few hints for preventing debt in the first place include staying away from snowballs, learning your cash-only lesson, using loans as a last option, living within your means, and always making sure that you keep a savings account. [Read more…]