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There are precious few reasons to go into debt. Obviously, an education is a wise investment; borrowing money to finance going to college or graduate school makes sense. Armed with a degree, you will have a much higher earning potential. Most people can not pay cash for a house and have to borrow the money; again, this is a sound investment (usually). But too often people are spending money they don’t have (see credit cards) for things that are not worth the debt.

Financial freedom is one of the most important aspects of life. The average American has something life $8,300 in credit card debt. That means, instead of paying straight cash for a car, they have to use their hard-earned money paying off that card and the interest that continue to accrue every second of every day. When you are brushing your teeth in the morning? 18.99% APY is compounding. When you roll over and flip the pillow at 2 a.m.? 18.99%.

So how do you get out of debt? The same way you lose weight and get in shape. Only take in needful things. Cut up your credit card if you have to. Stop browsing online shopping websites at 1 a.m. Money is meant to be spent, but do it wisely. Also, work off your existing debt. Make it your number one priority. Instead of ordering pizza, pay $12 off. Instead of going on a fancy date, come up with a creative one and put $45 into your card. Debt usually sneaks up on people, little by little. Pay it off the same way, with a passion.