To avoid new debt, individuals should stick to a budget, use cash instead of credit cards, pay bills on time and in full, avoid impulsive purchases by waiting at least 24 hours before major buys, and focus on personal financial goals.

Authors

• Person: Not available Organization: Barnum Financial Group
  4 Points of Personal Finance

Sources

• 4 Points of Personal Finance barnumfinancialgroup.com Barnum Financial Group via serper

Referenced by nodes (2)

• impulsive spending concept
• debt concept