You are reading Week 16 of 52 Weeks to Eliminate Debt & Curb Spending. Please read the overview here to learn more about the series & get your FREE financial planner. If you just joined us, please start with week 1.
This week in our journey to get rid of debt, we want to look at understanding how your spending habits affect your debt. For even the savviest person, debt can creep up quickly and unexpectedly. While it isn’t always the case, your spending habits can be the reason you have found yourself in debt.
Do you feel the pressure to keep up with others? Whether it is going out to lunch with the rest of the work crew, or buying the latest video game system for your kids for Christmas – peer pressure can hurt you. Many people simply find it difficult to live within their means and not spend when they want to keep up with their peers.