Archive for January 7th, 2010

Greed is considered one of the world’s deadly sins. It is too much hunger for power, money, attention and even food. In other words, it’s always excessive. And don’t people nowadays have excessive lifestyles?

Excessive lifestyles that cannot be supported are the main reasons why families go bankrupt. They insist on getting a house they would not be able to pay in the long run, get more cars because they don’t want to be bothered arranging their schedules into one, dining every night at restaurants and shopping all the time. Credit card companies absolutely thrive on excessive lifestyles. No wonder people are up into their ears in debt.

I have had my share of getting into too much debt. There was a point in my working career that I had four credit cards and all of them were maxed out. I had numerous calls from the Collection Agency. Those were not one of my proudest moments for sure. Fortunately, with the help of family, I was able to close those credit cards.  And that is also one of the reasons why I do not own one today.

It is always good to have in mind that before spending, one thinks not once but thrice whether they need it or not. It is also wise that in times like these when the economy is down all over the world that families save more and spend less. It would also help if they save FIRST when receiving their paychecks.

This is a sponsored post.