Getting out of debt – living on other people's money

As long as you have any debt, you're actually living on someone else's money. If you owe any money to someone else or if there's debt on your credit card then every cent you use is actually their money, not yours.

This is a good way to realize what it actually means when you have debt. This is also a good thing to consider every time you're about to purchase something. Would you use your credit card to buy a cup of coffee or a candy bar? I wouldn't. But when you have debt, it doesn't make difference if you use cash, you're actually buying on credit.

Another thing is to consider the real price for your purchases when using credit or paying in installments, but I will get back to this later.