Fast Facts: Debt

But if it’s too late, you can battle debt easily by following these tips: 1) Create a monthly spending budget so you’re only buying the things you need. 2) Assign your paychecks or allowance to things you really need, like school supplies or groceries. 3) Try to carry only debit or ATM cards instead of credit cards so you don’t overspend and find yourself in a debt trap at the end of the month. 4) Pay all your bills on time and if possible, in full. 5) Don’t open any new credit cards at your favorite store just because they’re offering you a really good discount.

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