On Debts

I try NOT to get into debt, especially consumer debt that credit card bills and especially if they are used to finance wants and not needs. However, there are times when it's inevitable that one has to borrow money -- for emergencies, for housing (it would take forever to save up for a house), for sudden cash flow problems in your business venture, etc. The key is watch your spending and not let the debt balloon to something you cannot manage.

If your debt is from different sources and gets to be confusing and difficult to keep track, it may also be wise to consider debt consolidation to make it easier for you. There are companies which offer these services, some even offer lower interest rates. You may consider this.