Golden Rules - Prevention is better than cure, so can we avoid getting into debt?

Have you ever wondered why the rich get richer, whilst the poor tend to get poorer as time goes by? The soaring use of credit cards qualifies the past decade and is the result of the increasing availability of short term credit facilities such as overdrafts or credit cards. Living beyond one’s means could put one in a potentially disastrous situation, whether considered rich or less so, so why against all logic does one do it?

The desire to impress, to portray oneself as better than the next door neighbour, is the usual motive. Avoiding getting into debt is the safest option, so here are a few suggestions to manage your money more wisely, whilst not depriving yourself: ...