Well, we identified 6 main reasons why, and because it will be too long to talk about all of them in one blog, today I will be talking about the first 3 main reasons why we get in debt and next week we are going to talk about the remaining ones.
When you buy things that you don’t need, but you have your finances in order and enough extra money to pay for them… please go ahead! Buy it, enjoy it! But if you are paying it with credit, my friend… we have a problem.
We, humans, are experts in finding meaning to things we don’t need, here is what I mean:
If you have a busy life you NEED to buy pre-made food, spend on eating out or buy store coffee to keep you going on your busy day.
If you have a high position in a bank, you would say that you NEED to wear expensive cloth. If you are worried about your family’s safety you NEED to buy a brand new car. If you want a good education for your kids you NEED to pay for private schools.
But, do you really need these? You don’t need to get the latest phone to be able to make a call, you don’t need an expensive diamond ring to express love. Not because it is what normally other people do… it would be the right thing to do. You are smarter than that!!
In the next blog, I tell you the remaining 3 reasons why we get in debt. So Keep crashing your money goals, and we will see you next time!
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