Sep 04 , 2023

5 Tips to stay away from Debt Trap

By True Scoop

Budgeting: Plan and track your expenses to live within your means and avoid overspending.

Emergency Fund: Build a fund to cover unexpected expenses and avoid resorting to debt.

Smart Credit Use: Use credit cards responsibly, paying off balances in full to avoid high-interest charges.

Prioritize High-Interest Debt: Pay off high-interest debts first to minimize accumulating interest.

Live Below Means: Aim to spend less than you earn, allowing you to save and avoid relying on credit.