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A big reason for these inflated numbers is that so many people have debt to pay off.
Make a Realistic Budget
You cant escape your debt hole without understanding exactly how you got there.
Massively overspending monthly rapidly sinks you into the depths of unmanageable debt, making chipping away at it impossible.
Dont Dig a Bigger Hole
Youll never get out of debt if you keep adding to it.
As the physicians creed says, First, do no harm.
Dont buy something if you cant afford it in cash.
Its a hard transition for some, but crucial nonetheless.
While having dreams and goals is great, each can be astoundingly expensive.
Those are some pretty hefty expenses.
If you want to stay out of debt, be practical about whats affordable.
Consider a starter home for example, instead of your dream mansion.
The same is true with your car.
But in most cases, youll want to both boost your income and cut down on your unnecessary spending.
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