2007-11-08 04:56:00 · 16 answers · asked by Anonymous in Family & Relationships ➔ Singles & Dating
Because by the time they realize that they are already in debt. Giving things up won't increase the bill, but it won't decrease what you already owe, either.
2007-11-08 04:59:25 · answer #1 · answered by Runa 7 · 0⤊ 0⤋
People are impulsive and want what they want when they see it, the easiest way to do that is whip out the old credit card.
There is also the "living above your means" syndrome. Folks want all the latest gadgets, clothes, etc and instead of saving money to buy these items they charge them.
This is why so much of our country is in horrible debt and it continues to get worse.
2007-11-08 13:01:10 · answer #2 · answered by grannyzattic 4 · 1⤊ 0⤋
It's hard for people to stop spending the way they were used to. My husband had a serious spending problem until I caught him by seeing his credit report. After I calmed down, I explained to him what he was doing to his credit. It took me a while to convince him to let me take over the finances, but he did and a year later we had 6 bills paid off and recently bought a house. We no longer use credit cards and don't buy something unless we can afford to pay cash for it.
2007-11-08 13:00:50 · answer #3 · answered by 2Beagles 6 · 1⤊ 0⤋
I assume you're talking about debt: d-e-b-t.
Many people, sadly, are lured into what ultimately becomes debt, by the idea of instant gratification which I believe is a pandemic of sorts.
We want too much, generally speaking.
"Want less." Those are very powerful words to attempt to live by.
2007-11-08 13:00:07 · answer #4 · answered by Blixa 3 · 1⤊ 0⤋
Well frankly I think people are not making enough these days, they barely make ends meet and the credit card companies offer credit like it's water so it's too easy to get over your head.
2007-11-08 13:08:02 · answer #5 · answered by Muzknut 1 · 1⤊ 0⤋
Basically you answered your own question--debt is getting the material goods you THINK you need but intruth you want.
Getting out of debt consist of strict self-decipline and 90% of the time professional help.
2007-11-08 13:31:48 · answer #6 · answered by gntko20071 2 · 1⤊ 0⤋
what causes debt is spending more than what you have.then you have to borrow from your right hand to pay your left hand and thus we have a person in debt.first of all if you need something save up for it and pay cash or close to it.try not to put your self in a corner where you can't pay because you have to pay another.
2007-11-08 13:03:18 · answer #7 · answered by drummer158 3 · 1⤊ 0⤋
Why do people choose to ignore learning how to spell, and then come on here asking questions that question the intelligence of others?
2007-11-08 13:03:16 · answer #8 · answered by alwaysremembertwentytwo 3 · 0⤊ 1⤋
For the same reason countries are fighting to keep using oil instead of alternative sources of fuel.
2007-11-08 12:59:11 · answer #9 · answered by Brown'n 5 · 1⤊ 0⤋
Do you mean deBt? If so then it is peoples greed for something without working for it that is the problem.
Work and save and buy - in that order.
2007-11-08 13:00:16 · answer #10 · answered by Anonymous · 1⤊ 0⤋