For many people, getting out of debt is the start of a roller coaster of accruing debt and paying it off and then accruing more debt. While it is a success every time you pay off your debt, the next big step is to stop getting into debt in the first place.
So how do you stay out of debt once you’ve gotten debt free? There are a couple of different strategies, and each one has pros and cons.Some people find that they just can’t control their spending when they have credit cards in their pocket. In that situation, avoiding credit cards altogether is the right answer. Sure, you won’t be earning cash back or other benefits, but those benefits are not worth accruing a balance you can’t pay off at the end of the month. Be honest with yourself: Are you in a place where you can use your credit cards responsibly?