Living in a city like London or newyork is really a costly thing, as expenses are very high and if you do not plan your expenses then you are into big trouble of falling into debt. It is not a good thing to borrow, it can be your last thing but most of the people keep borrowing as a habit, they apply for the lot of loans to buy products for their home and also to maintain the lifestyle . Here are some tips, which can avoid you from falling into debt.

Eight simple tips to avoid before you fall into debt

• Know about your income and expenses, just maintain your accounts accurately , this is the first most important step to avoid debt. You use a paper daily or a computer or a software it is very necessary to know about your income and expenses.
• Record all transactions and  keep a note of all your expenses you do daily and do not forget to see the balance of income daily.
• If you are family head having two or more children, a lot money for each of them and tell them that you cannot spend more than the money allotted.
• Do not spend your money or invest something, which is unnecessary.
• Do not give any credit to your friends, unless you have enough money sometimes you will give some money to your friends at the end your money will be dried up.
• Reduce your money on Petrol, Electricity and other unnecessary expenses, it does not mean that you have to switch off your electricity or do not use your car or any motor vehicles, just reduce the wastage.
• Reduce your petrol by not taking the vehicle for walkable distance
• Habit of saving and look for more opportunities to earn, you can work, and also you can earn part time through online and there are plenty of opportunities available for you earn money.

We are not going to take anything until the end, we need to enjoy as much as we can if we plan our expense and spend wisely  you will always live peacefully with dignity.