If not controlled, incurring debt can become a habit.
Purchasing items on credit without considering the consequences is
The American way is laced with conspicuous consumption. We are bombarded
with advertising and an endless variety of consumer goods. How can we
buy? Easy credit! There are endless reasons to go into debt, but before
you leap, carefully consider the reasons you are borrowing. Ask yourself:
- Is it necessary?
- Do the benefits justify the cost?
- Is it truly an investment?
- Will it increase in value to justify the cost of borrowing?
|"A man in debt is so far a slave."
- Ralph Waldo Emerson|