In today’s ever-evolving financial world, it is important to smartly manage debt. Most of us will have to deal with debt at some point. Credit card debt, mortgages, vehicle loans, and school loans are just a few examples. Debt is typically unavoidable when making substantial life investments, but it can become a serious problem if it isn’t handled correctly. Debt can quickly spiral out of control, causing financial stress and suffering if proper action is not taken.