I read this funny quote on a magazine and wrote it down on the front page of my planner:
Getting loans can become a bad habit. Usually this happens little by little. It begins with unnecessary purchases using your credit cards, then followed by an ‘untimely’ purchase of a new car via a car loan or through a lending company, or borrowing money for a extravagant celebrations, and more. Then you wake up in the morning to find your mail boxes filled with demand letters. Typical huh. But somehow, we never learn.
So much for that. Here’s how you should deal with that sticky situation: get out of it! Easier said than done, huh. Yeah, get out of that pesky situation. Try debt consolidation for your larger loans and/or bill consolidation for those bills that endlessly badger every end of the month. By consolidating these things you can better mange your debts. So that, rather than paying off several separate bills each month, you loans and bill with a debt consolidator that will arrange for one lower monthly payment extending over a period of time. Yeah, that can be arranged. Now, I see the sign of relief in your eyes.
What’s next? Break the habit! Be contented with what you have. Save for the rainy days, and spend only on your needs and let that 54-inch take the back seat for awhile –that is, do not spend on wants unless you have money to spare.
Am I making sense?
A bank is a place where they lend you an umbrella in fair weather and ask for it back when it begins to rain.Funny, huh. But, ironically true. Loans can help us in our dire needs and more often, in acquiring what we so desire. However during payback times, we sometimes find ourselves in sticky situations where we seemed to have regretted taking those loans. Okey, don’take me wrong on this. I am in no way against loans, as long as you are able to pay and you use them for good intents and purposes.
Getting loans can become a bad habit. Usually this happens little by little. It begins with unnecessary purchases using your credit cards, then followed by an ‘untimely’ purchase of a new car via a car loan or through a lending company, or borrowing money for a extravagant celebrations, and more. Then you wake up in the morning to find your mail boxes filled with demand letters. Typical huh. But somehow, we never learn.
So much for that. Here’s how you should deal with that sticky situation: get out of it! Easier said than done, huh. Yeah, get out of that pesky situation. Try debt consolidation for your larger loans and/or bill consolidation for those bills that endlessly badger every end of the month. By consolidating these things you can better mange your debts. So that, rather than paying off several separate bills each month, you loans and bill with a debt consolidator that will arrange for one lower monthly payment extending over a period of time. Yeah, that can be arranged. Now, I see the sign of relief in your eyes.
What’s next? Break the habit! Be contented with what you have. Save for the rainy days, and spend only on your needs and let that 54-inch take the back seat for awhile –that is, do not spend on wants unless you have money to spare.
Am I making sense?
“Money never made a man happy yet, nor will it. The more a man has, the more he wants. Instead of filling a vacuum, it makes one.”~Benjamin Franklin
3 Replies received:
You make real sense, Ronnie.
Debt is unmistakably not a tool, its a burden. Its a real predatory industry that kills so many of us for not being aware thus trapped in the vicious cycle.
Jenz Iggo
I couldn't agree more. Frugality is the way to go. Only spend from what you earn makes perfect sense to me.
Rgds
yeah, this thing ain't new to me now..i'm into this kinda dilemma. at least i've learned outta this experience.
good post.