Simple Tips To Avoid Getting into Debt
How much Could you Save, Invest, Blow and Give if you had no debt
Useful tips to help avoid getting in debt
- Get a Job
- If you can, avoid borrowing money. Try to stay away from student loans
- Avoid credit cards
- Save money (at least 10% of you annual income) (check out previous blog on how to save)
- Create an emergency fund – this will come in handy for the unexpected like, car repairs
- Get a Job. If you are still in high school, get a part-time Job, preferably somewhere you can make overtime
Myth: you need to build credit
Your credit score FICO is an ‘I love debt score’ false measure of wealth. FICO basically shows you how much you have mastered/paid to banks.
Figure out what rich people do to stay rich and mimic it!