Control your spending to avoid debt from "summary" of The Total Money Makeover: Classic Edition by Dave Ramsey
To truly take control of your finances, you must first understand the importance of managing your spending. When you spend more than you earn, you inevitably find yourself drowning in debt. This is a dangerous cycle that can quickly spiral out of control if not nipped in the bud. By keeping a close eye on your spending habits and making conscious decisions about where your money goes, you can avoid falling into this trap. One of the key principles of financial freedom is living within your means. This means that you should only spend what you can afford, rather than relying on credit cards or loans to make ends meet. By creating a budget and sticking to it, ...
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