It can be difficult to live without debt, as it has become the norm to finance cars, higher education and homes with loans and mortgages. If you think there has to be a better way, however, you may be right. You can avoid taking on overwhelming debt - or any debt, for that matter.

Imagine for a second being having no debt no more sleepless nights over mounting credit card balances, no more ball-and-chain of debt feeding your anxieties, and no chance of threats from dreaded collection agencies. You can do it! Here's the scoop in one minute flat.

Let's face it, kids are expensive. Besides providing for the basic needs of their children, many parents find themselves bombarded with requests for the latest "it" thing. Between the needs, the wants, and extracurricular activities, kids can sabotage a families effort toward debt reduction.