I want to be debt free. It seems the harder I try the worse things get. Often when people find themselves in a situation where debt has piled up, the focus becomes getting rid of the debt.
All extra money is put towards paying off the debt.
On the surface, that seems to make sense What actually happens when the debt is the focus is the opposite of what a person would think. When a situation arises that an individual has not prepared for, such as car insurance, clothing needs, car repair, birthdays, more debt is created. That may happen in several ways. A credit card may be used to take care of the need. Money may be borrowed from a friend or family.