The reason for this is that, if you are spending your entire paycheque every pay period and a financial emergency happens to come up, how are you going to pay for it? The answer is usually ‘credit card’ and, as we know, using credit cards to pay for things you can’t afford is often one of the first steps towards debt accumulation. At Cambridge Life Solutions, after we have helped our clients eliminate their debt, we encourage them to establish a system that will prevent them from ending up in the same position a few years down the line. In order to achieve this, it’s important to get...