The equivalent of falling off a tall and steep mountain can be compared to getting into a debt these days. The initial stumbling block would be the availability of credit, which has the potential to quickly grow out of proportion and turn into an avalanche. You might not even realize the slide you are taking before it becomes too late to stop. There are times though, when we see the debt becoming a part of our life, when we plan for it like buying a house or a car. There are circumstances like losing a job or a sudden unforeseen medical expenditure, which could give your finances a sudden blow. Even though such things cannot be predicted, it would be advisable to prepare for it. In United States the mean debt of families, is a few thousand dollars and if you don't want to be part of this statistic, you would need to spend in a smart manner and you would need to start right away. Life has become quite cut throat and complex a