How to stay debt-free?

on Jan 07, 2013 , 12:01 pm
I absolutely love shopping and due to this, my credit card bills are always on fire. I shop so much that I always end up spending more than I earn.

A good credit history is extremely important for the future, but my compulsive shopping is putting me in huge debts.

How can I manage my money and stay debt-free in the future?

Subrahmanya Bhat
Do not use credit card. Use only debit card so that you can purchase only if there is money in your account. Alternatively, reduce the spending limit on your credit card so that unless you pay for what you already bought, you will not be able to buy more. Do not keep multiple credit cards. Keep only one.
on Jan 14, 2013 , 12:18 pm
Honey Kamal
keep credit cards out of your reach till you are on the level
on Jan 14, 2013 , 11:49 am
Harsimran Singh
credit card usage is good to track your spendings, but if you are under debt and everytime spending more than you earnings, then one should use debit card so that he/she cannot spent more than what they have.
on Jan 10, 2013 , 05:13 am
Yogesh M
<b>I will give u 2 famous quotes of Warren Buffett:</b> 1. On Spending: If you buy things you do not need you soon you will have to sell things you need. 2. On Savings: Do not save what is left after spending, but spend what is left after saving.
on Jan 07, 2013 , 05:31 pm
Kripa Parekh
Spend less. what else . lol
on Jan 07, 2013 , 04:41 pm
Earn TimesPoints
Wow the discussion : 1 point.
Comment on the discussion: 10 points.
Share on Facebook , Twitter or Google+: 5 points
Hide Coin Animation
You just earned Timespoints