Suddenly feel that most people around me are in debt. Either owe credit card or bank loan to satisfy their lifestyle.
They simply scare people to despise them, borrow to buy and go for expensive meals to post on FB or Instagram. Just to show off that they are doing well but actually not. They can every month just pay interest and still owe the credit card more than $10k.
But you can see them buy this buy that go holiday, shopping and post that their kids go 1 round of the shopping mall can spend few hundred bucks. I really don’t understand why they can’t just pay off the debt and enjoy it later.
Imagine their income 3-4K per month and owe credit card and bank loans about 20-40k. Every month use 1-2k to repay loan and interest, need to wait how long can pay off?
Curious to know! ???? I seriously find that he/she do not know how to manage their financial?
Ps: these people still can show off telling people he/she earn alot. I got the urge to tell them to wake up from their dream and face the reality! Your kids will suffer too because they learn from you.