Debt seems like it can occur from almost anything you do. Spending too much money on vacation, over-spending on your credit card, or getting a little too crazy at a shoe sale all contribute to going into debt. The key is to be frugal in the way you spend your money and what you choose to buy, or not to buy.
Sometimes it takes a lot of practice, but the important thing is to be extremely aware of when you spend.
For college students, it's very easy to dismiss the word 'frugal' from any vocabulary and simply spend like there's no tomorrow.
However, a financial plan for all college students is a great way to start school out on the right foot--that way you can avoid falling into debt down the road.
Often, loans are one of the biggest things that cause debt, and for students in college, student loans are a very real threat. It seems like the easiest way to pay for college, but before you take out those loans, it is better to educate yourself.
Find out more with this great infographic brought to you by CedarEdLending, and you might think twice about that student loan your university is pushing on you.
37 million people are still carrying around debt that they accumulated from loans in college, and almost two million people over the age of 60 are still paying off student loans. Before you become part of the statistics, learn more about loan debt.
Do you really need to go to college to get a nice, well paid, job?