The best financial option is, of course, to
avoid debt entirely, rather than dig yourself out of a hole.
You may not be able to
avoid debt entirely, so borrowing should be focused on paying for things that help build your net worth, such as a home or education.
Avoiding debt entirely is nearly impossible, nor is it recommended.
Not exact matches
People who counsel individuals on
debt issues have one consistent piece of advice:
avoid touching your retirement plans
entirely.
The best option to
avoid medical
debt hindering your ability to get the mortgage or rate you want is preventing the bill from going to collections
entirely.
In some cases, bankruptcy cases can be
avoided entirely if our attorney recommends another route such as
debt settlement or collection defense.
It's possible to take advantage of these introductory offers by applying for and canceling different cards at different times to rotate
debt and effectively delay (or
avoid entirely) paying interest.
The tax on Social Security benefits kicks in at relatively low income levels, so it's tough to
avoid entirely, even if you don't have
debts to repay.
But don't worry — it's
entirely possible to use credit cards and
avoid crippling
debt.
It's possible to take advantage of these introductory offers by applying for and canceling different cards at different times to rotate
debt and effectively delay (or
avoid entirely) paying interest.
That may be enough incentive to get them to
avoid credit card
debt entirely, and to start an emergency fund soon so that they don't have to use a credit card to pay for expenses that pop up.