It’s amazing to me how people are so caught up in having the newest and biggest thing that they will risk being financially stable to have stuff. Here, in our early twenties we have to have the newest technology when most of us are still paying for basic necessities. With all the new electronics, clothes, ans everything else that’s out there it’s tempting to buy stuff and live the lifestyle where money is not an issue. However, when is it too much to be wrapped up in material goods?
Some may remember graduating high school and soon receiving credit card applications in the mail for every credit card out there. They get people to sign up and then spend till that first bill comes, and then it’s all downhill from there. My friend’s cousin is dealing with being in credit card debit right now because she signed up for so many and spent so much that she is dodging creditor phone calls. She is content with using any money she has to pay for her addiction to Victoria’s Secret and have the newest phone because she can’t live without it.
It has become apparent that as long as there are new things to buy people will spend money to get it. Whether the reason is to be able to show off to friends, impress others, or personal gain will remain up to that person. Nonetheless, spending outside of one’s means typically ends with people in a losing situation.