Living within your means (meaning that your expenses are less than your income) is a key to
avoiding the debt spiral and achieving financial freedom.
Not exact matches
More from College Game Plan: Student loan balances hit record $ 1.4 trillion The first steps to repaying your student
debt Three ways to
avoid the financial death
spiral of defaulting on your student loans
Pay the bill so it is received and processed on - time and in full each month (or early) to
avoid the downward
spiral of credit card
debt.
If you following these essential steps, you will
avoid the plight of millions of Americans whose
debt is
spiraling out of control and build a strong foundation for your financial future.
Until now, you've managed to
avoid getting into the downward
spiral of late fees, bad credit, and interest rate hikes that can turn even small purchases into life - damaging
debt.
The only way that these people will be able to keep themselves from
spiraling further into
debt is to create a strict
debt management plan to ensure that they are paying down their
debt while
avoiding spending more than they can afford each month.