Our culture is all about having it, and having it now—however, that’s an easy way to dig yourself into a large hole. Debt is a part of the American lifestyle. In many ways, it’s not bad, unless you allow it to get out of control. When debt is used wisely, you can improve your financial outlook and get the things you want in a reasonable amount of time. But the question becomes: What are the biggest financial mistakes you can make, and how do you keep your debt from spiraling out of control and having it affect your credit?