Prioritize High-Interest Debt: Pay off high-interest debts first to minimize accumulating interest.
Smart Credit Use: Use credit cards responsibly, paying off balances in full to avoid high-interest charges.
Emergency Fund: Build a fund to cover unexpected expenses and avoid resorting to debt.
Budgeting: Plan and track your expenses to live within your means and avoid overspending.
Tips to Stay Away from Debt Trap indicates guidance or advice on avoiding financial debt pitfalls, promoting responsible and sustainable financial management.