To Top

Tips for Staying out of Debt

My way of not going too far into debt has always been the same: I don't spend more money than I have. I do use credit cards but never charge more than I have in my savings account (in case for some reason I can't pay off the charge from my regular monthly income).

Houses are not included in this plan of course. Mortgages are allowed. But not cars. Always buy used and pay cash if possible. Or at least not a huge debt.

This all comes from being old enough to remember when we didn't have credit cards. When I first went to work everything had to be paid for in cash. So I put some money in a savings account every week. Small purchases came out of the rest of my pay. When I wanted to make a larger purchase I had to wait until I had enough in my savings account.

Ad


By Pam from Plymouth, NH

Post your ideas below.

Add your voice! Click below to comment. ThriftyFun is powered by your wisdom!

November 8, 20050 found this helpful

I also live by the same rules and am proud to say I am debt-free and I am paying my mortgage off early. Unlike my 3 siblings, I plan to have a comfortable retirement. Maybe if they are nice, I will even let them live with me when the inevibly become homeless (Just kidding....)

Reply Was this helpful? Yes
January 26, 20110 found this helpful

This is nice but please be aware that sometimes as a result of injury or illness people have uncontrollable things that happen and that doesn't make them "bad" people.

Reply Was this helpful? Yes
Ad

Add your voice! Click below to comment. ThriftyFun is powered by your wisdom!

Related Content
In This Guide
Man cutting up credit cards
Staying Out of Debt
Categories
Budget & Finance Debt Reduction AdviceJune 23, 2006
Guides
Getting Out of Debt, Picture of a woman cutting a credit card.
Getting Out of Debt
Someone dusting the corner of a room with a duster.
Keeping Your House Dusted
Refrigerator
Refrigerator is Not Staying Cold
Debt Consolidation Tips
Debt Consolidation Tips
More
👒
Mother's Day Ideas!
🐰
Easter Ideas!
Facebook
Pinterest
YouTube
Contests!
Newsletters
Ask a Question
Share a Post
Categories
Desktop Page | View Mobile

Disclaimer | Privacy Policy | Contact Us

© 1997-2017 by Cumuli, Inc. All Rights Reserved.

Published by .

Generated 2017/04/10 00:44:29 in 2 secs.
Loading Something Awesome!