Augusta1
Active member
The truth is that some lifestyles can keep us in debt and until we do away from such lifestyle we might not be able to stay out of debt. The fact remains that it is only spending implusively that brings debt.
So what are the lifestyles that can keep one in debt
Buying luxuries
When you continuously go for luxuries then you are setting your self up to be in debt. The truth is that luxuries comes at a big cost and when you are always going for luxuries you would soon be a debtor
Competing with the Joneses
When once you have the lifestyle of living large and trying to compete with the next person, then you would start going for things that is beyond you and this is where competition comes and what you can easily get with cash you would borrow to live up
Being a glutton
Are you one that can't stop eating you are always buying food, visiting restaurants, eating in hotels and in other expensive places you would waste money instead of conserving because these places are quite expensive so you would get your finished and even start owing
The truth is when you go more for what are not really your needs you are setting yourself up for debt.
So what are the lifestyles that can keep one in debt
Buying luxuries
When you continuously go for luxuries then you are setting your self up to be in debt. The truth is that luxuries comes at a big cost and when you are always going for luxuries you would soon be a debtor
Competing with the Joneses
When once you have the lifestyle of living large and trying to compete with the next person, then you would start going for things that is beyond you and this is where competition comes and what you can easily get with cash you would borrow to live up
Being a glutton
Are you one that can't stop eating you are always buying food, visiting restaurants, eating in hotels and in other expensive places you would waste money instead of conserving because these places are quite expensive so you would get your finished and even start owing
The truth is when you go more for what are not really your needs you are setting yourself up for debt.
