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It can be really easy to get into debt these days. Banks seem to lend money really easily and so even if you do not have a large income or a good credit record, it is still easy to be able to accumulate debts. Although it can feel free, to borrow money and be able to buy whatever you wish, it is certainly not a feeling of freedom that you get if you have too many debts and struggle to repay them. It is therefore best to avoid getting into debt most of the time. Some debts, such as mortgages, student loans and business loans may be worthwhile investments, but most debt is best avoided.

It is always good to get into the habit of saving some money. Putting something away each month so that you have something to fall back on if you need it can really help. Then if you get an unexpected bill or other expense and do not have the money to pay for it, you will be able to dig into those savings rather than borrow money. Keeping some savings that are easy to access is therefore well worth it and you will find that it can be quite easy to get into the habit of saving some money each month, once you get used to it. Even if it is just a small amount it can all help. Try to put some money aside each time you get paid so that you do not spend it by mistake and then budget until the next pay day to make sure that you do not need to dig into your savings.

Try to get into the habit of comparing prices so that you do not spend more than you need to. This will allow you to be able to have more money available to cover all of the costs that you have. Ensuring that you buy all of your essentials first and keep some money back in case you need more before you are next paid will help as well.

If you have a credit card, then it can be really easy to let the debt build up. Make sure that you do not allow this to happen and pay off the full balance before you get charged interest on it. If you cannot afford to do this immediately, reduce your spending on it or stop completely and then pay as much off as you can each month until the debt is gone. It is better to do this before you start saving money each month as it is an expensive way to borrow money.

Try not to be tempted to live beyond your means. It can be difficult as you may feel that you are missing out if you are not having everything that other people have. However, having debt can be really miserable and having the things that you want does not usually make up for that. Try to find the pleasure and joy in what you do have and do not feel that you need more in order to be happier.