The ability for you to live your life debt free will open countless doors of freedom and allow you to lead a life that is much more stress free. Leading a debt free life is a conscious choice that you must desire to live by. To live the debt free life you must devise a financial plan to live from; believing in your purpose and goal is key. Borrowing money for items that go down in value will not help you stay off the debt train. Paying every bill in full will also ensure that your personal finances do not be come subject to borrowing money to make ends meet. Living life by a few simple tenants will safeguard your financial stability and life long happiness.
             Creating a financial plan to live by is a large part of successfully leading a debt free lifestyle. Life is certainly full of surprises; and eliminating the need to service your debts will alleviate many headaches for you down the road. Establishing a fair budget is your first step to building a financial plan. Spending more money than you make will definitely leave you owing money to someone. Following through with a commitment to live within your means will solidify your financial plan. Generally speaking you will fall into the debt trap when you want something or need something you can not afford. Planning ahead for emergencies and desires will help you avoid it all together. Allocating your income to expenses will allow you to see when and were your money is going and how to save for the items you desire most. A firm commitment to your financial plans and goals will help you immensely. You will need to learn to curb your inner desires for the newest and best; This will prove to be challenging as companies entice you to become indebted to them with fabulous incentives to open accounts.
             Buying items on borrowed money is a sure fire way keep yourself in debt. The basic rules of personal financial planning say that you should spend as little money as possible on things that...