00:00Believe it or not, staying out of debt is possible and in your control, despite feeling like it can get
00:06the better of you when it happens unexpectedly.
00:09Central Bank reports, by following these simple enough strategies, you may be able to avoid debt altogether.
00:15If you can't afford it without a credit card, don't buy it.
00:20Living under the illusion of having more than you do will only end badly.
00:24Secure your emergency fund.
00:26To do this, focus on the needs and cut out your wants.
00:30Budget your monthly expenses and organize them in an easily accessible sheet to update on a month-to-month basis.
00:36A one-stop shop will provide a big picture of your finances.
00:41Try to pay off your credit card balances in full and while we're on the topic of credit cards, plural,
00:46limit the amount of credit cards you have.
00:49This will help to mitigate interest and consolidate the multiple payments required.
00:56I've got a big picture of B Amor City.
00:57Please, put the medical model over there.
00:57Take care.
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