what are some ways to avoid debt?
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what are some ways to avoid debt?
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Answer:
Pay with cash whenever possible
Stay within your spending limits
Avoid impulse purchases
Avoid "buy now, pay later," "interest-free financing" and like offers that merely postpone debt
Compare prices before making major purchases
Take only the cash with you that you can afford to spend while shopping, and spend only that cash.
Avoid borrowing to finance "staple" purchases
If you cannot avoid borrowing, use the lender that offers the lowest interest rate
Avoid bank overdraft charges by keeping close tabs on bank balances
Keep a record of all credit card purchases
Always pay more than the minimum payment on credit card bills if possible
Avoid applying for more than one or two credit cards at a time
Consider transferring balances to a lower rate card, making sure the low rate applies to balance transfers
Avoid credit cards that charge interest from the date of purchase with no grace period as well as cards that charge interest immediately on a cash advance, plus charge a fee for each cash advance.
Explanation:
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https://www.findlaw.com/bankruptcy/debt-relief/tips-for-avoiding-debt.html
Answer:
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Explanation:
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