I recently read a survey report that says that people in my age group are running up huge debts. The majority of these people are women, unfortunately. A lot of them are working professionals with good pay and single, some are still living with their parents, sort of like me.
The problem is that they also spend a good chunk of their monthly salary repaying debts; debts with high interest rates like credit cards, store cards and even payday loans. No, this isn't like me.
As far as I know, the two major loans that we have to shoulder are housing and car loans though some people are still repaying their student loan. And I think it is a concern if one overspent and have to resort to cash advance or payday loans to make ends meet. I think most of us know that once an advance has been taken out, one would be caught in a catching game, except that it's like we are perpetually being left behind trying to catch up but never can.
If one is in such a situation, it's time to cut down on expenses and turn the lifestyle around.
The problem is that they also spend a good chunk of their monthly salary repaying debts; debts with high interest rates like credit cards, store cards and even payday loans. No, this isn't like me.
As far as I know, the two major loans that we have to shoulder are housing and car loans though some people are still repaying their student loan. And I think it is a concern if one overspent and have to resort to cash advance or payday loans to make ends meet. I think most of us know that once an advance has been taken out, one would be caught in a catching game, except that it's like we are perpetually being left behind trying to catch up but never can.
If one is in such a situation, it's time to cut down on expenses and turn the lifestyle around.
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