I have a friend who works in a top management post in a multi-national company that puzzles me. He is very bad in managing his own personal finances, is always in debt and is always asking for loans. Heck, he has asked ME for loans numerous times. I tried to help when I could but that is not the solution, at least not for the long term, right? The thing is, here he is financially in a bad shape and how can his company expect him to handle the company's finances well?
I have advised him time and again to put his finances back in order. Will he only wake up from his bad habit when he is sacked from his company? I shudder to think what will happen then, because with a five figure pay check right now, he can be in this position when the most families do not even have that money with both spouses working.
The problem with my friend is of course having too many credit cards and losing track of which debt to settle and when. I have told him that the solution for that is in Credit Card Consolidation and that would help him manage better and raise his credit score too.
Another problem with him is that he refuses to admit that he requires Debt Relief but I see no reason why he should be ashamed of it. When he needs it, he needs it, right?
I have advised him time and again to put his finances back in order. Will he only wake up from his bad habit when he is sacked from his company? I shudder to think what will happen then, because with a five figure pay check right now, he can be in this position when the most families do not even have that money with both spouses working.
The problem with my friend is of course having too many credit cards and losing track of which debt to settle and when. I have told him that the solution for that is in Credit Card Consolidation and that would help him manage better and raise his credit score too.
Another problem with him is that he refuses to admit that he requires Debt Relief but I see no reason why he should be ashamed of it. When he needs it, he needs it, right?
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