It is most people’s desire to live the American Dream; to be financially free, not live paycheck to paycheck and to feel successful
However, the American Dream can turn into a nightmare if you’re not careful.
Debt can creep up on you and take you down when you least expect it and when you’re most vulnerable. Going into debt is not necessary in order to be able to have the things you need and want. Repeat after me “Debt is not necessary!” However, it’s easy to get caught up in the trap of thinking you have to have it now, and oftentimes that means putting it on a credit card or taking out a loan.
Aside from an “I want” mentality, here are some other warning signs that you might be in danger of a lifetime in debt.
You Don’t Have a Budget
When you don’t have control of your money and finances, you are at risk of going into debt. A budget allows you to the freedom to tell your money where it’s going and opens the door to savings.
The key to staying out of debt, yet having the freedom to purchase the things you want and need, is being able to save up for them and pay cash.
You’re Living Outside Your Means
When you find yourself struggling to make ends meet every month, you’re living outside your means. When you have more going out than coming in, you are more likely to be tempted to go into debt in order to get the things you need or want.
You Don’t Have an Emergency Fund
An emergency fund is money set aside for, well, emergencies. You should have at the very minimum $1000 set aside for emergencies. It is best to have 3 to 6 months living expenses in your fund. Money for food weekends away and routine car maintenance are not emergencies.
You should have money budgeted for these things.
A true emergency would be an unexpected hospitalization, a death in the family, or a car accident. When you don’t have an emergency fund and a true emergency arises, you may be forced to go into debt in order to pay hospital bills or other expenses.
This is probably the biggest pitfall of all where debt is concerned.You Believe You Must Use Debt in Order to “Build Your Credit”. Your parents and grandparents have probably taught you that you must build credit so you can have the things you want in the world.
However, the truth is, you can have nice things without going into debt, including nice homes and cars. The “trick” is budgeting, saving and planning so that you can pay cash.
You don’t have to take out a loan or use a credit card, even to buy the larger items.
By knowing the warning signs, you can avoid the pitfalls of debt and enjoy living a debt free life.
%%
My web-site … affordable seo services
%%
my website: cbd hash Online
%%
My web-site :: cbd hash uk for Sale
%%
My website – netsuite consulting partner
%%
My web blog – buy cbd hash uk
%%
Also visit my web blog; Local Seo Services
%%
Also visit my web page :: strong Cbd hash
%%
Feel free to visit my webpage – hemp hash
%%
Feel free to visit my webpage – buy cbd hash online uk
%%
my web site :: cbd uk hash
%%
My web-site – cbd hash uk for sale
%%
my webpage – cbd Hash london
%%
My blog … Legal Hash uk
%%
My homepage … cbd hash for sale
%%
My web page … Cbd Hash Shop
%%
Feel free to visit my web blog – Cbd hash online
%%
Also visit my homepage – Cbd hash uk
%%
Feel free to surf to my blog post – best Cbd hash
%%
my web site :: hemp Hash uk
%%
my homepage … hemphash uk
%%
Here is my blog post :: Cbd hash shop
%%
Also visit my blog Buy Cbd hash Uk
%%
Take a look at my web page hemp Hash
%%
Have a look at my webpage Hemphash Uk
%%
Feel free to visit my web page … Buy cbd hash uk
%%
Check out my homepage :: buy Cbd hash
%%
my blog … cbd hash uk Legal (cbd-hash18833.theideasblog.com)
%%
Here is my web site – Cbd Hash Online
%%
My homepage; buy Cbd Hash online uk
%%
Also visit my webpage: cbd hash uk
%%
my web page :: cbd hash for sale
%%
Also visit my web page: Cbd Uk Hash
%%
Here is my web page … Buy Cbd Hash Uk
%%
My web site – cbd hash uk
%%
Feel free to surf to my web page – Cbd Hash For Sale
%%
Also visit my webpage: oracle Netsuite partners
%%
Feel free to surf to my website; sim only compare deals
%%
Here is my web blog Green Power Mobility Scooters
%%
Also visit my site … scooters mobility, http://roll-express.ruwww.quilt-blog.de/serendipity/exit.php?url=aHR0CDovL3NoaW5od2FtZXRhbC5jby5rci9iYnMvYm9hcmQucGhwP2JvX3RhYmxlPWJvYXJkMyZ3cl9pZD05NTMwOA,
%%
Feel free to visit my webpage … Netsuite erp consulting
%%
Also visit my website; cheap sim deals
%%
My website … Mobility Scooter For Car Boot