Maxing Out Credit Cards One of the biggest issues is the maxing out of credit cards. This happens on such a regular basis that many people consider this to be the norm. There isn’t much a stigma attached to this because people do it all the time. The problem is that doing something like this makes a person’s crazy score bad. It also makes it impossible for people to qualify for other things like home or car loans.

Buying Things You Don’t Really Need 

People that don’t save will usually be the ones that are spending lots of money on things that they don’t need. This is one of those common debt mistakes that just about all people have fallen into at one time or another. Some people realize the mistake early on and refrain from going overboard with their purchases. For other people shopping almost becomes like an addiction that people will need help for.

Stay at Home

When a person realizes that they are bound to become enticed by things like impulse buys and sale signs they should stay home more often. It doesn’t make sense to send a shopper to a place where clothing and shoes are sold and expect this person not to be intrigued. Some people that shop may be able to separate themselves from their destructive personality when they visit the mall or department stores. Most people cannot. This is why there has to be some type of commitment to reduce store visits.

Think Twice Before Purchasing

People that want to make purchases should actually think twice before they buy anything. It doesn’t matter if it is a car or a shirt. Debt dilemmas are often the result of poor planning. People that don’t plan are typically in the market for things that they do not need. It is much easier to avoid the common debt mistakes when a person has time to think about what they are doing. Sometimes a person may actually need to leave the store and give the purchase some thought. If an individual really has a need for this product they will return.

Prioritize Responsibilities 

Most people that fall into debt dilemmas get trapped just because they are not really thinking about their decisions. So many people could have the money to pay their bills if they would only make that this first priority. It doesn’t take a lot of counseling or training to avoid the debt. Sometimes a person can look at the mistakes of a friend or family member and see the errors that were made. At other times people can make those common debt mistakes and learn from their own shortcomings.