Today many Americans are using more money than they have. We all want designer clothes, the best looking cars, and want to eat at expensive restaurants. With many of us having these high demands it leads us into a very bad direction. This direction consists of us going to lawyer’s office to find out about bankruptcy information. We all need to know and have a better understanding of money management. If something is too expensive and you know you cannot afford it then you should stay away from it. Another way to not go into debt is stay home with your parents until you know you are finically stable enough to live on your own. Also stay away from credit cards build up your credit and put those cards away. Having them in your wallet or purse everywhere you go will temp you to use them. There are many ways to avoid debt and also there are many ways to get into debt. We just need to be a little more careful with our spending and make sure not to spend more money than we have. With these statements above it will help us live a more happily debt free life.