The road to financial freedom and stability is often laden with obstacles, and making mistakes can hinder this progress. A debt-free life begins with staying accountable to one’s financial goals. Failing to track progress and reassess budgets regularly can lead to complacency. It is essential to be aware of common mistakes, such as the ones mentioned below, and steer clear of them to achieve one’s goal of getting out of debt quickly. 1. Refusing to alter spending habits A common mistake individuals make when trying to repay debt is not altering their spending habits. This is one of the root causes of debt accumulation, which may lead to a cycle of financial strain and hinder progress towards becoming debt-free. To avoid this, one can reassess their budget and cut unnecessary expenses. One can find cheaper alternatives and alter routines in a way that helps save money. For example, one can make food at home and set a budget limit for takeaways or dine-outs, buy ingredients that are easy to store in the refrigerator in bulk, and carpool with friends or family for grocery shopping. Alternatively, one can make a shopping list, stick to it while grocery shopping, and unsubscribe from streaming services that one does not use.