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People really need to be convinced that leading a normal, humble lifestyle is just as good (or even better) that one based upon peer pressure 'keeping up with t
by cosmicray 16y ago
People really need to be convinced that leading a normal, humble lifestyle is just as good (or even better) that one based upon peer pressure 'keeping up with the gang' spending patterns. I could go on and on, but I'll leave it at that. Money can't buy you happiness, but being deep in debt will certainly bring heartache.
- patio11 16y agoPart of the problem is that being in debt is a very, very minor problem until it is too major to easily get out. If you spend about ten thousand more than you make a year, your monthly minimums will not be budget busting. Then you continue that for a few years, hubby gets downsized or you get sick, and all of a sudden you're $80k in debt and just servicing the payments and rent eats all your income. This is generally the point where the bank or the health insurance industry gets blamed for your predicament, sadly. On the plus side, I know of some people who clawed their way out of six figure consumer credit holes. It takes strong will, for years.
- loewenskind 16y ago>This is generally the point where the bank or the health insurance industry gets blamed for your predicament, sadly. Shouldn't the banks get some of the blame? They make it so easy to get the credit, it should be no surprise that some people will over do it.