Unemployment, medical bills, a shopping addiction – these may all be obvious causes of debt, but they certainly aren’t the only ways people end up in the red.
According to an article posted by CU Insight, other forms of debt are more insidious. They arrive looking like a big break or a money-saving option. But instead of getting you out of your financial hole, they actually dig you in deeper.
The article suggests something as simple as a new cellphone, a new job or leasing a vehicle could be the cause to financial undoing.
Learn what these five hidden sources of debt are here.