Many people will tell you debt is a four letter word, you know, one of the bad ones. Debt has becoming an increasing problem in today’s society. Foreclosed homes and worries about rising credit card debt have caused the economy to suffer. Even our own country manages to find themselves in billions of dollars of debt every year. Debt should be something you try and avoid right? Actually debt is unavoidable, which makes the entire situation so ironic.
When you are in debt you feel like you are walking through cement, while always looking over your shoulder. The problem with debt is it usually keeps growing and growing, once you start down the path of debt it is hard to stop. Your debt may start with you making a few too many credit card payments and it could possibly end with you looking at bankruptcy square in the face. This may be an extreme example but if you are not responsible for your money from the get go then it is easy to fall into debt.