Staying Out of Debt

Learn tips for how to stay out of debt, as well as topics like debt consolidation, in this free lesson.

What is debt?

Debt is money owed to a person or entity that must be paid off by a deadline. Mortgage loans, student loans, car loans, and credit card balances are types of debt.

Cutting expenses and taking other steps to better manage your money can help you get out of or avoid debt.