Debt: n – a liability or obligation to pay or render something and/or the condition of being under such an obligation.

Example: We went into debt paying medical bills.

For the past three years, I’ve set some simple, yet on-going goals for myself: increase my credit score, ride my bike more, save a set amount and be debt-free. And each year I’m unhappy about not reaching them completely, but pat myself on the back for making some progress.

For years, I didn’t have credit cards because I had majorly screwed up my credit and had gotten in over my head. Now, I’m financially responsible and use credit cards for everyday purchases – and pay them off as I go.