10 Things Debt Free People Don’t Do
Do you ever wonder how people who aren’t in debt, stay out of debt? If you want to enjoy a debt free lifestyle, take a look at these 10 things debt free people DON’T do, do you can follow in their footsteps and NOT do these things as well! These 10 things debt free people don’t do can help you achieve and maintain a debt free life. Here is what you need to know!
1. They don’t use credit cards if they can’t pay them off.
This may seem like a given but is worth noting. Debt free people don’t charge anything and instead pay cash for what they want and need or they are responsible with credit cards and pay them off each month. Using cash forces you to think about what you’re buying so if you are in debt stop using your credit cards and switch to cash or a Debit Card as the first step towards becoming debt free.
2. They don’t put wants before needs.
Debt free people can distinguish between the two when making a purchase and can therefore make sure their money goes towards what they truly need, instead of just want.
3. They don’t shop without a list.
A debt free person uses a shopping list to make sure they get what they came for and nothing else. It helps keep them on track and eliminates impulse purchases.
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4. They aren’t afraid to use coupons.
A debt free person loves coupons and isn’t ashamed to use them. They know where to find them, how to use them, and love stacking them on top of already great deals.
5. They don’t eat out often.
A debt free person tends to cook budget friendly meals at home and saves eating out for special occasions since it is a quick way to rack up a high bill.
6. They don’t ignore monthly statements.
They take the time to look over monthly bills to check for accuracy and to also see where they might be able to make changes and adjustments in order to save money.
7. They don’t get rid of something just because it is old.
Debt free people tend to hang onto items until it can’t be used anymore. They would rather do this than charge or take a loan out on something.
8. They don’t buy disposable products.
Why pay money for something you are going to toss in the trash? Debt free people tend to steer towards items they can reuse again such as glass and cloth products and they focus on quality over quantity when it comes to things like clothing and household items.
9. They don’t impulse shop.
A debt free person typically plans all purchases out ahead of time, considers the cost, looks for the best deal, and then follows through with the transaction.
10. They don’t forget to donate.
Just because they are debt free, it doesn’t mean they are stingy. Debt free people love to donate to organizations they believe in and they know make a difference.
Which of these habits of debt free people do you think you could adopt? Give these tips for what debt free people don’t do your consideration!
