Treading
water or running on a treadmill, each require work; however, you cover no
ground, make no progress, and move no closer to your goals. This is how many
people maintain their finances. The “one paycheck at a time” life style, little
savings, just enough each Friday to pay bills. Typically people will borrow
money to make purchases because the mentality is that if they can pay the
monthly payment, then it is affordable. The real goals of these people are much
larger than the materialistic items they possess. The issue is their priorities
are out of order, living for today instead of the future.
The
common problem among many people in today’s society is their comfort in making
everyday purchases while increasing their consumer debt. Convenience is the temptation
and instant gratification is the result, but at what price? We live in a buy it
now, pay for it later world. There is a mountain of debt and little to no
savings. There are ways to control money and avoid cash advances, credit cards,
and loans and begin the road to financial recovery!
I
shared a link to an Article on Lifehacker.com on the debt trap!
No comments:
Post a Comment