While the plastic money, debit cards, credit cards, personal loans, consumer loans have made the life hassle free, they have made sure to enhance the debt trap. Indeed, this is the fact, presently being experienced by so many people. The easy money which should have actually made life financially sound is doing the reverse. So, what should you do? Well, in the present world, it is really tedious to not have credit cards, debit cards or not avail a loan. However, the road should be taken in such a way that you avoid the debt trap.
Here are some simple yet effective rules which, if followed by you will avoid the trap of debts:-