Avoid new debt in 2025
According to latest data from the New York Federal Reserve, total household debt in the United States has reached $17.94 trillion. This highlights the growing financial pressures faced by many Americans, where rising costs and unexpected expenses often derail even the most diligent financial plans. In 2025, learning how to avoid new debt is more critical than ever for achieving lasting financial stability. This article discusses practical strategies to navigate your finances wisely, reduce stress, and take meaningful steps toward financial freedom.
Analyze Your Current Financial Situation
Gaining a clear understanding of your financial standing is the first step toward avoiding new debt. You should list all…
