What does it take not to be in debt?

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What does it take not to be in debt?

Answer: It takes only using money you already have. It means spending only the cash you currently have in your hand (or in your checking account).

Not the cash that you will receive tomorrow, not the cash on payday, or as soon as your employer pays you- only the cash you have today.

It can be very hard at first. But it is entirely possible. And becomes easier with practice.

You may not be buying so much. It maybe that you may have to curtail shopping for a bit... because you discovered that you've been using revolving credit to buy most of your stuff!

Focus of paying things off. And it gets simpler because less of your money is spent on paying off debt. The fact that you have more money at your disposal makes things simpler.

It takes a permanent change in behavior to get out of debt. It entails solely using funds that you already have.

You can choose not to be in debt if you so desire.

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Do your own research!


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Best Regards,

@silversaver888

I am not a financial adviser. This article is not meant to be financial advice. My articles on cryptos and precious metals share my personal opinion, experiences, and general information on cryptos and precious metals.
All photos, gif, and video were taken by me with my iPhone, unless specified.

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65 comments
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Living within means is key, it's tempting to spend on credit, but it can get out of hand so quickly. Better to genuinely poor and debt free than live artificially rich and indebted.

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Bang, I did it again... I just rehived your post!
Week 166 of my contest just started...you can now check the winners of the previous week!
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It takes practice to become a habit, then it becomes a lifestyle.

Always, with love 🤗🌺❤️

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It took me three to six month to get used to it, hehehe! You should see me during my heyday, if you can recognize me! All I did was shop, shop, and shop some more!
xoxo🤗
!LADY🌺🤙😘

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Ms. Saver @silversaver888

!LUV
!LADY

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!LUV
!LADY

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I heard a stat on a podcast a couple weeks back. Per his research over 40% of households making over $150,000 a year are in credit card debt of over $50,000. That’s insane.

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Thats a very important lesson ! It is difficult to control our impulse sometimes :p

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Thank you @hivebuzz !

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You're on fire @silversaver888! Your hard work and dedication have earned you a post every day of the week. Keep buzzing!

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(Edited)

Good advice sis!🤗😘💕🌸 !LADY !LUV

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You can choose not to be in debt if you so desire.

This └( ＾ω＾)」. Its okay for me not to have what I want or even some needs sometimes, as long as I'm not in debt to anyone. We always have a choice, we just have to choose wisely, a choice that will never stress us later.

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Yes, @ruffatotmeee !
You are pretty level-headed!!
It's refreshing to read comments like yours!
!LADY🌺🤙😘

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Hehehe, because I know how hard it is if you have debts. I know some people who experienced that already
.

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It can be very difficult at first @silversaver888 I remember being paid weekly, and then moving to the Northwest and being paid monthly that was a challenge to only spend what you earned!
It's just takes commitment!!!😀

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It is a decision, and it is a commitment to that decision!
I used to be so complicated! If you look at it simply, it is easy to make the choice. I do not want to be in debt!
!PIMP

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Exactly I agree with you @silversaver888!😇
What’s sad is that when I first got out of high school everyone was pushing credit cards the whole generation got in debt very quickly !😳

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Yes, I had a credit card in College, given to me by my Dad!

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I guess we are both very fortunate that we found “sound money “ @silversaver888!😇
They make it extremely easy to go into debt!😲

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Ms. Saver @silversaver888
F1p_De7XsAEWr3h.jpg

!LOL
But Very TRUE.......

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Wise words and so true…
With practice one learns 😉
Have a fantastic new week @silversaver888 👋🏻😊
!LADY 🤗🥰🌺🤙🏻

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It is Monday evening... Good evening, @littlebee4 !
Yeah, so many people are in debt!!! I guess it's a lifestyle, hahaha!
What are your plans this week? Unpack, I suppose?
Well, take care!
!LADY🤗

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Good morning @silversaver888
It probably is lifestyle related.
Yep, that and… We are sorting out further paperwork, getting a few applications fixed or replaced today by the landlord. So we are waiting for that.
When it’s dry this week we will go for a walk or 2
Thanks a lot.
Have a fantastic day 👋🏻😊
!LADY 🤗🥰🌺🤙🏻

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Esas monedas lucen fantásticas en perfectas condiciones e impecable s.

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Estas son todas monedas brillantes sin circular, amigo mío. Por eso los tengo en cápsulas.
These are all brilliant uncirculated coins, my friend. That is why I have them in capsules.
!PIZZA

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Credit card debt is real...

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Yes, it's very real! It's one that must be avoided. People use credit cards but pay them all off before the due date. Otherwise, you should avoid it.
!LOL

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On the other hand, the advantage of credit is that so many cards give good discounts, up to 5% on cards without annual fees. Of course that money comes from processing fees but also because many merchants raise their prices to cover the processing fees in the first place. So in many ways that 5% back is not really savings, but at the same time it is money we don't get back if we use cash.

On the other hand, a lot of people just don't have the discipline to pay off their credit card every month, and carrying a balance for even one month will cost you much more than that 5% cash back.

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There are good debts (e.g.,house) and revolving debts. You know what to do, @dbooster!
If you don't have the discipline (and you know yourself), just don't get into debt.
!LOL

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That's the best just looking over a nice chunk of the stack... all that precious 🤤

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