One way you can avoid the recipe for infamy is by doing the opposite: spend wisely. This means you should resist impulsive buying, take the time to compare prices, focus on your needs more than your wants, and don’t go out to eat so often.
It does take effort and planning to save money because you usually need to change some financial behaviors. Consider coupons, shopping for items on sale, or even turning the heat down a tad. To save also means putting money aside for emergencies.