Why Do We Get Into Debt?
Debt has a way of sneaking up on us. It seems as though one moment we are free and clear and the next we have a mountain of trouble in the form of money owed. Knowing why we can get into debt is the first step to preventing it from getting worse or from happening at all. Here are some common reasons why we get into debt and how we can minimize out risk of debt in the future. Unexpected Expenses or Loss of Income An unexpected expense or a loss of income can plunge even the most affluent families … Continue reading