How many times have you purchased an item with your credit card, used it once or twice and put it away in the corner. That's what is called an impulse buying, buying things you do not need.

You may spend hundreds of dollars every month on items that are useless to you, and not realizing it at all. But remember, you still have to pay intrest rate every month on those useless items.

To prevent creating more debt you must create a household budget. A monthly spending plan is a must for you if you can not see where your money is going.