In this day and age, we are susceptible to ever increasing debt. And bills are most commonly issued debts that we can no longer get away from.
But what if you were never in debt. Would you purchase a high valued price of say a car to finance.
Yes it keeps the cost down for a single deposit. But you would be paying interest on that purchase for the amount of time the finance is issued for.
And no matter what your financial background is like, nobody likes to be in debt. So for the people who do not care about getting carried away with credit cards or even finance on items. You should look at what would be at stake say if you were a gambler, and always lost on sporting events.
Would you accept their promotions to get your money back only to loose more on each transaction. Then you do not have the means to pay utility bills or pay that mortgage. Then you would either be cut-off or loose your house or flat.
And then Depression kicks in and you have no where to look for help.
There might be a time when you just say F**k it and commit suicide, and that no body will feel any remorse that you did.
But what would you leave behind, a wife, a husband, a mother, a father, a son, a daughter, friends.
It is surprising that when you need more money that the best thing to do is to put something aside for rainy days when you really need it.
