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Connection Between Debt and Unnecessary Spending
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[QUOTE="Shaf, post: 282511, member: 25467"] I've seen so many people get into debts and I think it's easy to stop that habit, but it is not so. For many salary earners, they tend to get debts with the hopes of paying back immediately they get their paycheck. This leads to bad financial decisions that culminate into bad debts over time. People have also developed the bad habit of needing to impress others especially online. This makes people to borrow money for luxurious lifestyles or expensive items they can't pay for. Some will take loans to pay back the loans they are owing and the cycle never stops. The most important rule of getting out of debt is to live within your means, or even below that. Living below your means will give you the ability to save money, which can be used for emergencies or as investment, which are situations that will require you to borrow money. [/QUOTE]
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Connection Between Debt and Unnecessary Spending
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