5 Debt Mistakes Keeping You Broke (And How to Fix Them)

Are debt payments draining your income every month? In this video, we break down the 5 most common debt mistakes that keep people broke — and the simple steps you can take to escape the debt cycle for good. Millions of people make these financial mistakes without even knowing it. From relying on minimum payments to ignoring high-interest debt, these habits silently drain your money and keep you stuck. In this video, you’ll learn: 1. Why minimum payments trap you for years 2. How high-interest rates quietly destroy your finances 3. How lifestyle creep keeps you living paycheck-to-paycheck 4. Why not tracking your spending causes hidden money leaks 5. Why having no emergency fund keeps you trapped in debt By understanding these debt mistakes and learning how to fix them, you can finally take control of your money and start your journey toward financial freedom. If you found this video helpful, don’t forget to like, subscribe, and share it with someone who needs it. Your financial recovery starts today. #debt #money #personalfinance #financialliteracy #debtfreejourney #debttips