It is not surprising that with the ease of applying for loans and credit cards, many of my friends are saddled with debts at a young age. From what I see, many try to take out one loan to cover another loan, can you believe it?
And then there are some of them who feel that they could manage their debts better after taking out debt consolidation loans. Well, such loans do work if only they are disciplined! Some of them do not follow a strict financial management program and then end up borrowing from friends or relatives to service their debt consolidation bill!
I feel it is a pity that people my age are already bogged down with loans right from college days when we all had to depend on student loans and then when we start working, we have auto loans and housing loans.
It really takes a strict financial lifestyle and management to live within our budget but not many could achieve that!
And then there are some of them who feel that they could manage their debts better after taking out debt consolidation loans. Well, such loans do work if only they are disciplined! Some of them do not follow a strict financial management program and then end up borrowing from friends or relatives to service their debt consolidation bill!
I feel it is a pity that people my age are already bogged down with loans right from college days when we all had to depend on student loans and then when we start working, we have auto loans and housing loans.
It really takes a strict financial lifestyle and management to live within our budget but not many could achieve that!
2 comments:
Hi, cyberpartygal,
I am one of them...;D loaded with tons of credit card debts. Taking one loan to cover another loan. At the end,a hep of unpaid debts !
But, I have learnt from my lesson ! You have already my blog, haven't you ?
Thanks for dropping by...;D
Hi Vedis,
Yes, I have read your blog. Debts are very common nowadays. Like I mentioned, students are encouraged to take out loans. And from the onwards it's one loan after another.
Good luck!
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