Avoid getting into debts - Say "No Debts"

Getting into debts is one of the things, everyone goes through OR in fact many of us stay all life. In most of the middle class families, there might be no time, you might be out of debt.

Falling into debt is very common and it happens because of a 'fulfilling desire' thing, which cannot be avoided - from a philosophical perspective.

If we make sure we live with what we have, then we won't get into debt. It is all because of getting to a next stage, when we are not ready in life to reach there.

For example, buying a car or a home, when we are not ready to do it. Buying a home is fine, which relieves you from the taxes etc., but buying an expensive car, when you are cannot afford.

Buying more items, which you might not even need and if you make your credit card bill not payable by the following month and you keep passing it on to the next month and you pay high interest, then eventually you will fall into the debt net.

If we try to prevent, before anything wrong happens, then we can avoid lot of calamities. here are some simple pointers to keep in mind easily...

1) Whenever you buy anything, think about two points - (a) can i afford it? (b)If so, is it needed?

2) Pay your bills or urgent credit cards first, then only go for your personal shopping or to fulfill your desire. Because credit card bills first.

If you don't follow the above, you will keep on digging hole under you and every month you keep on try to close that hole under you. As months go by, you will not have money to fillup your hole enough, so you go deep down under, out of which you cannot get out and if you come out it is going to be a tough challenge.