Quite often you will find that people who are in debt have a lot of stuff. While they may have paid cash for some it, most likely they used credit cards, line of credit, or a bank loan, to pay for their stuff. And what happens when they use credit cards to buy all that stuff? Typically they have purchased more than they can really afford, so even though they now have that stuff in their home, they really do not own it. The credit card companies own it. And the credit card companies own it until people find a way to pay off their credit card balances in full. Unfortunately, if you are spending more than you earn, the end result is that you end up in debt and struggle to get out. For your own peace of mind, make this the year that you get out of debt forever, by spending less than you earn, and by paying off all of your existing debt.