“66% of those already in debt opting to take on more”

At least according to Moneyhighstreet.com. Tim Moss says that “debt has certainly become the common curse of modern times. Whereas 40 years ago being in the red was considered a last resort, it seems that many of today’s Brist are much more accustomed to taking on debt.”

Why is that? Is it the pressure to keep up with our friends and neighbors, or is it because we want what we see other people have on the TV? Whatever it is, we find ourselves in somewhat of a crisis. I’m wondering if it wouldn’t be a good idea to just get rid of the TV altogether. I read somewhere (I think that it was on the www.youneedabudget.com website) that a lot of people feel entitled to have the good stuff, even though they really cannot afford it.

Anyway, the good news is that we paid 400 on our first credit card. Feels pretty good, although I do feel a little as though it was wasted. Oh well…it was wasted several months or years ago when it was first spent. Good for us!

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