Debt Advice: Avoid It

One of the best ways to live cheaply is to avoid debt. That occasionally means that you look rich, because you buy things for cash, like cars. But it's really cheaper.

If you're confused about debt, check out www.secretsaboutdebt.blogspot.com. It's new, but it's getting some good information on debt.

Debt costs a lot of money--you pay interest on it, for one thing, and you can get hit with late fees if you miss a payment. That sounds like it's avoidable, but if you have a reasonably active and complicated life and lots of credit card bills coming in, it will definitely happen to you sooner or later. Sometimes a late fee on a credit card can be $39, which seems exorbitant.

Of course, what are you going to do? Debtors can't be choosers, at least not with late fee amounts.