Top reasons why people get into debt
Image source: Pexels.com Steve Sorensen Embezzlement. Getting into debt seems to be a regular thing for adults. However, it's possible to be debt-free and financially stable. With the right discipline when it comes to saving and spending, a person can be a better steward of their finances. But before coming up with financial goals, it's best to know the top reasons why adults get into debt. Overspending Steve Sorensen Embezzlement . This financial habit is common, especially among young adults who are enjoying their hard-earned money from their first job. Sadly, however, this can become a habit. Even with higher salaries and benefits, a person can still overspend especially when they're paying with credit cards. To prevent debt from increasing, one must have a budget and a payment plan that will keep their payables from piling up. Image source: Pexels.com High interest rates from credit card bills Steve Sorensen Embezzlement . Even when a person pa