Borrowing money for sudden needs doesn’t hurt, especially if you promise to return it on time. But don’t make it a habit, because the accumulated debt is not only a burden on your mind but also makes you lose friends. These are signs of people who are easily in debt, do any of your friends have these characteristics, or do you have them?
Don’t want to lose to others
People who are often in debt tend not to be outdone by others. He easily buys something just because someone else uses it. In fact, it’s not really needed. If you have this tendency, you should think twice before deciding to buy something.
The sky-high desire is inversely proportional to reality. People who easily get into debt usually have this habit. There’s nothing wrong with dreaming of living in a luxury house or traveling abroad. But think again about whether the income is enough to pay for all these things.
Buying things you don’t need
Hungry eyes during sales and hard to resist seeing expensive items can be the start of debt. Maybe you think it’s okay to use a credit card as much as possible if you can pay the bill in full. However, if this is allowed to continue, one day it will become out of control and the loan will swell.
Have no savings and budget
People who like to be in debt usually don’t prioritize saving. Borrowing here and there to pay expenses, or in other words, digging a hole and closing a hole, is a bad habit to cover the debt. In addition, people with debt habits generally don’t have a budget, for them, it’s better to go with the flow than to have to complicate making a budget.