Don't buy stuff you can't afford

One of my all-time favorite insights into money management.  Most people forget that to avoid debt, all you have to do is not buy stuff you can't afford. Now, there are those things that we may have to take on some debt (i.e. mortgage, vehicle), but other than large expenses, debt is unnecessary.

​Luckily, there are solutions that help those that already have debt get out in the most mathematically-way possible!  Check out the procrastination cost to see an example of how you can find out what it'll personally cost you to procrastinate paying off the debts you have acquired.