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7 Habits of People Who Never Go into Debt

Written by Grace & Silas
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People who are in debt tend to stay stressed out and worried. And they can sometimes find it hard to enjoy certain parts of their life because of the burden of debt on their shoulders.

However, debt-free people live each moment to the fullest. And they’re able to do this because they have some basic habits that help them. So feel free to check them out!


Important Side Note:

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If you’re in debt, then I would definitely read Dave Ramsey’s book The Total Money Makeover which you can check out here. He’s helped MILLIONS of people climb their way out of debt and have financial peace and security. So DEFINITELY check him out!

Also! He has another great book called the Legacy Journey which is a great read. Check it out here!


Self-Control

The most important thing when it comes to spending money is self-control. You should work out your priorities and avoid extra things that you don’t necessarily want.

You don’t have to go to every party and every invitation. Learn how to say no.

Related Topic: 11 Habits Of People Who Always Have Money

Plan for Emergencies

Wise people have their emergency fund set up. Imagine if your car stops working or if you fall ill.

You need to plan ahead and save for mishaps because you never know what will happen.

Avoid Credit Cards

Credit cards are a trap. By using credit cards, you get tricked into spending more than you can.

It can feel nice, but when it comes to the end of the month, you’ll end up feeling very stressed.

Try to buy things in cash (it’s emotional and you’ll actually end up spending less) and only ever use credit cards strategically and sparingly (e.g. to build up a good credit score.)

Be Creative

Be willing to learn ways to cut expenses.

Find alternatives to the things that cost more; whether it’s coffee or clothing. Be creative and do DIYs on your clothing and for things around the home.

Plan Ahead of Time

You should make a budget plan for the month so you can spend and save accordingly.

Have a savings account and track every cent you spend on items so you know where you are being thrifty and where you’re overspending.

Multiple Income Streams

65% of self-made millionaires have multiple income streams. And if you want to make sure you’re getting ahead financially and you’re well prepared for the future, then this is something that needs to be done.

Related Topic: 22 Brilliant Ways to Make $100 a Day

Money Doesn’t Buy Happiness

Spending a lot of money doesn’t make you happier, in fact, it can make you stressed if you’re in debt.

Sure, you might feel great (for like 1 hour) as you gaze upon your new purchase, but if you know deep down you didn’t need it, you’ll most likely feel empty later on.

Instead, spend your money with your future-vision glasses on; how will this purchase benefit you in 1 day, 1 week, 1 month and even 1 year from now?


These habits show how people stay away from indulging and going into debt.

Anybody can save their money with just a few good habits. And although it will be difficult in the beginning, it will ultimately save one from debt.

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Meet Silas & Grace

Silas and Grace always had a passion for travel. So in 2016, they started Chasing Foxes as an independent income source. 4 months after launch, they were making enough money from their blog to travel full-time, and in the past 5 years, they’ve been able to encourage others in their blogging journeys too. Learn more about Silas & Grace.

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