The Dangers Of Living Beyond Our Means
Unfortunately, I lost my job as a school administrator over a year ago. Although my family has always been frugal, this put us in a tough spot. We had to make tough decisions regardingNS0-153 what we considered luxuries such as eating out and going to the movies. We needed a new car, our house needed work, and the list seemed endless. However we made the decision to cut out anything that wasn't absolutely necessary and have stuck to it throughout the entire process. Let me tell you it hasn't been without pain, but we have managed just fine and my son has become a better young man for the experience.
Sadly a large majority of our society seems to have the opposite approach. It has become a standard in the US to live beyond our means. Take a look around. Expensive homes sitting vacant because payments couldn't be made, high priced cars being repossessed, and closets full of designer clothes for people who can't pay their bills.
This has obviously been passed on to our children. Teenagers are driven by a need to impress classmates with clothes, cars, jewelry, phones and other technology. Statistics show that the average 17 year old will spend over $100 a week. With this being said, the numbers also show that only 40% of this age group has a paying job. So apparently not only have we done a poor job of teaching our children to be fiscally responsible, we are perpetuating the problem by contributing to their spending habits.
So what happens to these NS0-530children as they move into adulthood where the parents are no longer paying the bills? It's simple; they become the young adults who live beyond their means running up credit card debt and making purchases they cannot afford.
However, keep in mind that the epidemic of overspending is certainly not limited to young adults and students. Many older Americans contribute to the problem by charging purchases that aren't necessities and are simply "wants" not "needs".
Ultimately, this lifestyle will catch up with the offenders. You might impress your friends with your new clothes or car but when you begin paying 15-20% interest on your credit card, you will be in for a shock. Failure to make a payment on time will begin the erosion process of your all so important credit rating. Eventually, many people reach the point where they must resort to payday loans which carry interest rates up to 100% or an adverse credit loan (which is hard to secure) simply to survive. This vicious cycle then continues with no end.
What it boils down to is that you must stop buying things for yourself or your children that you don't need and/or can't afford. A good rule of thumb is if you can't pay cash for it, don't buy it! Consider cutting up all credit cards and using only a debit card which takes theNS0-510 money directly out of your checking account. Do not give your child a credit card with free reign to use it!
In conclusion, use common sense when making purchases and teach the same mantra to your children. The world will be a much happier place.
Sadly a large majority of our society seems to have the opposite approach. It has become a standard in the US to live beyond our means. Take a look around. Expensive homes sitting vacant because payments couldn't be made, high priced cars being repossessed, and closets full of designer clothes for people who can't pay their bills.
This has obviously been passed on to our children. Teenagers are driven by a need to impress classmates with clothes, cars, jewelry, phones and other technology. Statistics show that the average 17 year old will spend over $100 a week. With this being said, the numbers also show that only 40% of this age group has a paying job. So apparently not only have we done a poor job of teaching our children to be fiscally responsible, we are perpetuating the problem by contributing to their spending habits.
So what happens to these NS0-530children as they move into adulthood where the parents are no longer paying the bills? It's simple; they become the young adults who live beyond their means running up credit card debt and making purchases they cannot afford.
However, keep in mind that the epidemic of overspending is certainly not limited to young adults and students. Many older Americans contribute to the problem by charging purchases that aren't necessities and are simply "wants" not "needs".
Ultimately, this lifestyle will catch up with the offenders. You might impress your friends with your new clothes or car but when you begin paying 15-20% interest on your credit card, you will be in for a shock. Failure to make a payment on time will begin the erosion process of your all so important credit rating. Eventually, many people reach the point where they must resort to payday loans which carry interest rates up to 100% or an adverse credit loan (which is hard to secure) simply to survive. This vicious cycle then continues with no end.
What it boils down to is that you must stop buying things for yourself or your children that you don't need and/or can't afford. A good rule of thumb is if you can't pay cash for it, don't buy it! Consider cutting up all credit cards and using only a debit card which takes theNS0-510 money directly out of your checking account. Do not give your child a credit card with free reign to use it!
In conclusion, use common sense when making purchases and teach the same mantra to your children. The world will be a much happier place.
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