While many articles and books have been written to help you once you're in debt, very few have been written about how to avoid getting into debt in the first place. Many people choose to go to credit counseling only after they're on the brink of filing for bankruptcy. If you want to be successful financially, you have to first learn how to do things before the fact, not after it. In this article I will show you some common sense things you can do to avoid debt.

Teaching Personal Finance At Grassroots

Understanding the importance of personal finance is a key factor in being successful in life. It is hard to do much of anything if you are unable to manage your money. Most highschools today don't teach teenagers the importance of finance despite the fact credit card companies will mail them cards upon their graduation. I believe this one of the reaons why the average American family today owes about $10,000 in credit card debt. They simply do not understand how to manage their money, or they lack the discipline to do so.

Save For Your Luxuries