Debt is like a disease. It will quietly creep up on you and if you aren’t careful it can completely wipe you out. Debt will hang over you like a dark cloud and it will not go away until it is all paid off. The best away to stay out of debt is to completely avoid it. If you are in debt, it is important to create a plan now to get out of it as soon as possible. Start making payments and do what is necessary to settle your debts and start saving your money.
A key to avoiding debt is to create and follow a budget. This will help you to stay on top of your personal finances and you will always know right where your money is. If you have debts that need to be paid, factor them into your budget so that each month you are paying off debts and also putting a little bit of money away in savings. On the other hand, if you have no debts, following a budget will give you the freedom to live comfortable, put money away for retirement, and have money saved up in case of an emergency.
If you are on top of your personal finances you will enjoy peace. There is a great peace that comes from knowing that you do not owe anything to anyone. You are not a slave to the chains of debt. Rather you are free. You owe nothing to no one. You can go where you want to go, buy what you want to buy, and enjoy the fruits of your labors. You do not fear the future. A life free of debt is a peaceful life.