March 27, 2014 Admin | March 27, 2014 Going into credit card debt to buy “stuff” is self-defeating and financially reckless. Why do people do it?
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Many people do not think about the future, they only care about living in the now, they are willing to steal from their future to pay for a fun Friday night because that is as far as they care about, they have also bought in to the advertisements that this stuff and junk that they buy will make them happy when in turn it will only cause stress due to the debt racked up from it, you should pay off your credit card every month and never pay interest on it, there is no reason too if you live within your means.
Nicely said, Garrett. Let’s review.
We can safely say that there are many reasons why people go into credit card debt. Garrett identified two very good points. Living for the moment (the future be damned) and being overly influenced by advertising can cause a person to go down a destructive path toward materialism and the never ending search for bigger and better “stuff.” Here are other matters to think about.
Some people with low self-esteem will buy things to make them feel better about themselves. They also spend a great deal of money “looking the part” in trying to enhance their self-image.
Many destructive behaviors are born out of poverty and a sense of not having enough. What can be done about this? Get to know who you are on the inside and love thyself. Sounds like a talking point from some self-help guru, don’t you think?
It’s true and if you take the time to really accept who you are, you will reduce all of the time and money spent trying to improve the world outside of you. Once this transformation takes place, ridding yourself of credit card debt can be relatively easy. You have fixed the problem from the inside out. YOU are the answer!