A debt spiral occurs when you're borrowing money to pay off existing debt, leading to an ever-increasing cycle of debt. Here's how to avoid it:

1. Create a Budget

Track your income and expenses to understand your financial situation. Identify areas where you can cut back on spending.

2. Build an Emergency Fund

Having savings for unexpected expenses prevents the need to rely on credit when emergencies arise.

3. Prioritize Debt Repayment

• List all your debts with their interest rates
• Consider the snowball or avalanche method for debt repayment
• Make more than minimum payments when possible

4. Avoid New Debt

While paying off existing debt, avoid taking on new credit obligations unless absolutely necessary.

5. Seek Professional Help

If you're struggling with debt, consider consulting a financial advisor or debt counselor for guidance.

6. Increase Your Income

Look for ways to earn additional income through part-time work or selling unused items.