10 Unexpected Debt Traps — and How to Avoid Them

Staying debt-free doesn’t seem that hard in theory. All you need to do is spend what you can afford, right? Well, the millions of Americans in debt would disagree. It is not that simple. Anyone can easily sink into debt if they don’t have the right attitude towards spending and money management.

Many people have the “buy now, pay later” mentality. If you don’t want to slide into…