There are a lot of cases where debt is completely expected, such as when you purchase a house, a car, or you have to repay student loans that helped you through college. This debt is alright and most of us can deal with these, but unfortunately a large number of people in the United States have become addicted to credit cards and the idea that they can get whatever they want, whenever they want and be able to pay for it at a later date.

They are sure that they will have the money that they need to pay off that big screen TV 6 months from now, because they are, after all, supposed to get that big raise by then. But, what if that raise is held up? What if they lose their job altogether?

There are a lot of reasons to have credit cards and lines of credit at banks, but you should make sure that you can handle your day to day finances with cash before you start habitually using a credit card for everything. Credit card debt can spiral out of control much faster than you may think and if you do not already have a good foundation of sound financial sense, you can run your credit into the ground in a heartbeat.

Start off by making sure you have an active checking and savings account at the bank of your choice. Different banks offer different features and perks, so research your options and choose wisely.

Next, try to make sure you can put at least $100 into your savings every month. If you can't, find something that you spend extra money on every month (a smoking habit costs a fortune to fund, by the way) and cut it out completely. Cut back on your utility usage or drive less.

Have family members crashing at your house and raiding your refrigerator all the time? People asking for you to be their taxi constantly? Boot them. You have to worry about yourself and if applicable, your children. You must resign yourself to the fact that you cannot help everyone around you with their problems, because if you try to, you are very likely to be taken advantage of.

Get rid of the freeloaders, if you have them, and do your best to cut back on your spending. Even minor daily purchases like a cup of coffee at Starbucks or eating out at lunch every day can cost you more than you know until you add it all up at the end of the month.