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How to Avoid Ending Up in Debt

Nobody actively chooses to accrue huge amounts of debt. Debt is stressful and it can make your life utterly miserable, particularly if you end up homeless and alone because of your crazy, out-of-control spending habits. Yet millions of people do end up in debt and spend years fighting to claw their way back out of the mire.

There are many reasons why people end up in debt, but it is not always their fault. For example, say you are diagnosed with a critical illness and you do not have any insurance to cover your lost earnings. It won’t be long before you fall behind on the rent or mortgage payments.

Is this just bad luck or could you have done things differently?

The best way to avoid ending up in debt is to be disciplined about your financial planning. Life has a nasty habit of throwing curve balls in our direction, so it pays to be prepared. In the case of the example above, b
How to Avoid Ending Up in Debt

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