52 Tips to Avoid Debt

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52 Tips to Avoid Debt

We've compiled 52 simple and easy-to-use tips for avoiding debt. Take a look and feel free to share. Don't forget to vote for your favourites!


It might be on sale, but that doesn’t mean you’re saving if you don’t need it.

Dec 12, 2017

Buying on credit and keeping a balance eats up any sales discount you received.

Dec 12, 2017

Knowledge is power. Teach your teens about credit cards. Help them avoid the debt trap.

Dec 12, 2017

The debt trap: Never use payday loans to keep up with debt payments.

Dec 12, 2017

Avoid eating out. Make meals at home or brown bag it.

Dec 12, 2017

Learn to say no – to spending, to the salesperson, to yourself sometimes.

Dec 12, 2017

Shopping lists help you stay on track at the store.

Dec 12, 2017

Buying a car? Think beyond the monthly payment. Maintenance, repairs, it all adds up.

Dec 12, 2017

Save on interest. Put every extra penny towards debt.

Dec 12, 2017

Pay off high interest cards first. It’s money sensible.

Dec 12, 2017

Extra income should equal extra debt payments.

Dec 12, 2017

View dollars in hours. How many hours of work will it take to pay off this purchase?

Dec 12, 2017

Pay for the small things, like coffee, with cash not credit.

Dec 12, 2017

Never put a vacation on credit. Save first.

Dec 12, 2017

Once out of debt, build an emergency fund first thing!

Dec 12, 2017

Plan. Plan. Plan. Plan your spending, saving, and debt repayment.

Dec 12, 2017

Think twice about impulse online purchases.

Dec 12, 2017

Remember: if you can’t pay for it, you can’t buy it.

Dec 12, 2017

Carry only one or two credit cards and keep the limits low.

Dec 12, 2017

Make a 5% savings goal. You have to start somewhere.

Dec 12, 2017

Eliminate duplication. Do you need Netflix and Crave?

Dec 12, 2017

Don’t chase a credit score. Chase financial security = no debt.

Dec 12, 2017

Avoid unnecessary cash advances. Show yourself some tough love and stick to your budget.

Dec 12, 2017

What’s yours is yours. Don’t lend your credit card to anyone.

Dec 12, 2017

Pay the minimum plus some extra. The more the better.

Dec 12, 2017

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