4.6.2 Ways to avoid debt problems

From: Financial Consumer Agency of Canada

It's easy to spend without realizing how the debts are piling up. Here are tips for avoiding that trap:

  • Leave your credit cards at home.
  • Decrease the credit limit on your credit cards.
  • Set up automatic bill payments with your financial institution.
  • Avoid impulse buying. Sleep on it and see if you still want the item the next day.
  • Avoid "buy now, pay later" offers.
  • Keep track of your expenses and manage them with a household budget.
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