debt avoidance
Sidestepping financial burdens
Debt avoidance is the practice of structuring finances to prevent taking on debt in the first place.
Unlike debt reduction or debt management, which address existing obligations, debt avoidance focuses on not incurring them: Her debt avoidance strategy meant saving for purchases rather than using credit cards.
The term sometimes carries negative connotations when it describes evading legitimate financial obligations.
- frugalSparing with resources
- thriftyPrudent with resources
- living within meansSpending less than earned
- savingsAccumulated money kept
- rainy day fundMoney saved for emergencies
nest egg · budget · cash · austerity · discipline · restraint · cutting corners · minimalism · sacrifice · caution · prudent · tight-fisted · penny-pinching · bills · collectors · loan sharks · escape · freedom
- money managementsaving, savings, budgeting, budget planning, expense tracking
- frugalityfrugality, thrift, frugal, penny-pinching, economize
- savingssavings account, piggy bank, online savings, savings bonds, savings plan
- financial fraudsecurities fraud, bank fraud, accounting fraud, defalcation, embezzler
debt avoidanceborrowing
Temporary taking of another's
leveraging · deficit spending · living beyond one's means · financing · overleveraging
debt, debts, debtor, debtors, indebted, indebtedness, avoid, avoids, avoided