The Dark Side of Debt 5 Hidden Financial Traps to

The Dark Side of Debt: 5 Hidden Financial Traps to Avoid
Debt can be a slippery slope. Avoid these common traps:
1. Over-reliance on credit cards—interest piles up fast.
2. Ignoring the true cost of loans; always read the fine print.
3. Taking on debt for liabilities instead of assets.
4. Falling into the payday loan cycle—it’s a financial black hole.
5. Living paycheck-to-paycheck without an emergency fund.
Recognize these pitfalls and take control of your financial future before it’s too late.
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