5. Setting your own debt limit - The continuous-debt method To determine your personal debt limit, you may choose to use the continuous-debt method. To use the continuous-debt method, strive to keep your debt level low enough that you can get yourself completely out of debt (except for a mortgage loan) within years. If you are unable to pay off your debts within this time frame, you are likely leaning too heavily on debt to main one lifestyle. You may also be paying substantial amounts of your income in finance charges. This is like throwing away money and also makes two fficult to pay off your debts. three Grade It NC four Save & Continue Continue without saving fifteen