Maintaining control of your finances and living within your means is essential to avoiding debt catastrophe. Human tendency is to desire, want, yearn for material things. The latest iPhone, the new BMW, the designer clothes, nice restaurants, expensive vacations, houses in the best neighborhoods…this mentality will lead to massive amounts of debt. And if you are currently in this mindset, you have been fooled by advertisers and listened to lies!
http://www.bankrate.com/finance/debt/bad-money-habits-that-lead-to-debt-disaster-1.aspx
Excellent advice which I hope is heeded by all!
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Thanks for reading!
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Wish I’d sen this earlier. I once spent almost all my savings on stuff that was obsolete in just a few months. I hope this helps someone make smart choices.
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KJ I hope it helps someone also. We buy a lie when we mortgage our future on credit cards for material things.
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