Exactly, and it’s a cycle. They buy things on credit, carry a balance on their credit cards, owe a lot of money, and the stress gets to them. Eventually they buy things as a way to feel better and relieve the stress.
Trying to “not look poor” or “keep up with the Joneses” can lead to real misery. But, if instead you make a budget and save just a little bit every month it can be liberating.
Fundamentally, the problem is unequal wealth distribution. But, we should also try to help people live within their means while we attempt to fix that societal issue.
Exactly, and it’s a cycle. They buy things on credit, carry a balance on their credit cards, owe a lot of money, and the stress gets to them. Eventually they buy things as a way to feel better and relieve the stress.
Trying to “not look poor” or “keep up with the Joneses” can lead to real misery. But, if instead you make a budget and save just a little bit every month it can be liberating.
Fundamentally, the problem is unequal wealth distribution. But, we should also try to help people live within their means while we attempt to fix that societal issue.