4 Ways to Remain Debt Free
4. Know how to draw the line between needs and luxuries
You must know how to differentiate between what’s a necessity and a luxury. Avoid the temptations. If that new LCD television of yours can wait, then let it wait. Don’t forgo the credit card bill for the new TV. You won’t get as much happiness and peace of mind in watching your new TV than paying those debts instead.
5. Never forget the stressful time you experienced
Never let yourself forget what condition you had put your mind in before. If you had gone through debt issues before, then you surely don’t want the same bitter experience again. In fact, a slightly weird but best reminder is framing and hanging the worst, and an almost heart-attack-inducing, credit card bill on your wall.
6. Save
Cultivate the habit of saving. It is the key to having a debt-free life. Set aside some amount of money for saving from your pay check. It goes without saying that these savings give you financial security during difficult times.
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