The Most Valuable Habits For Debt-Free Living

How do you live a debt-free life? First, you need to adopt the habits associated with smart fiscal living and cease with the unsustainable behaviors.

If you want to be debt free you have to act like it. That's the basic summary of A.J. Smith's list of tips for living within your means currently posted over at Marketwatch. The article runs through ten key habits and behaviors shared by financially responsible people. These include a keen attention to detail and an ability to do one's own research into financial matters. Those who comb through their statements every month are much less likely to run into trouble down the line. The same goes for folks who don't just punt their finances to family members or accountants.


Smith's list also includes certain habits related to personal values. For example:

"10. They value experiences over stuff

Debt-free people aren’t focused on things. They value experiences more than having the latest things. The average person will list family and friends high on what they value. But are your choices reflecting that? If you are working extra hours to pay for a fancy meal with the family, think about the trade-offs. Would you be better off not working late and having two (or five or 10) meals at home with the family?"

Take a look at the full article (linked again below) and let us know what you think of Smith's list. Is there something missing that you swear by? Tell us in the comments below.

Read more at Marketwatch

Photo credit: Rob Hyrons / Shutterstock

Related Articles

How schizophrenia is linked to common personality type

Both schizophrenics and people with a common personality type share similar brain patterns.

(shutterstock)
Mind & Brain
  • A new study shows that people with a common personality type share brain activity with patients diagnosed with schizophrenia.
  • The study gives insight into how the brain activity associated with mental illnesses relates to brain activity in healthy individuals.
  • This finding not only improves our understanding of how the brain works but may one day be applied to treatments.
Keep reading Show less

Human skeletal stem cells isolated in breakthrough discovery

It's a development that could one day lead to much better treatments for osteoporosis, joint damage, and bone fractures.

Image: Nissim Benvenisty
Surprising Science
  • Scientists have isolated skeletal stem cells in adult and fetal bones for the first time.
  • These cells could one day help treat damaged bone and cartilage.
  • The team was able to grow skeletal stem cells from cells found within liposuctioned fat.
Keep reading Show less

How exercise helps your gut bacteria

Gut bacteria play an important role in how you feel and think and how well your body fights off disease. New research shows that exercise can give your gut bacteria a boost.

National Institutes of Health
Surprising Science
  • Two studies from the University of Illinois show that gut bacteria can be changed by exercise alone.
  • Our understanding of how gut bacteria impacts our overall health is an emerging field, and this research sheds light on the many different ways exercise affects your body.
  • Exercising to improve your gut bacteria will prevent diseases and encourage brain health.
Keep reading Show less