Most people assume that when a person goes into credit card debt it’s because they are overspending on lavish stuff. While that may be true to some extent, it’s not true for everyone. Some people end up in credit card debt due to lack of emergency savings.

Basically, something comes up that needs handling and they don’t have enough cash reserve to take care of it. This leads to credit card use just to keep your head above water.

To combat this, commit to saving money every week – even if it’s only $20. Also, reduce how much you’re spending on other stuff. This extra money will save you from having to go into deep debt.