In the last few years, the easily available credit cards and loans in the
market have superbly enabled us to increase our purchasing power way beyond
what our salaries ever could.
I can now buy just about anything on EMI by availing of these loans and
credit cards - be it a car, a house, expensive jewellery or a branded watch
that costs almost more than 10 times my salary! What bliss.... and all
because of the availability of credit at this age. Its a lifestyle I
so enjoy, but one which I know I must curb at some point. I have been
telling myself that I should stop spending too much on my card because the
bills at the end of the month tend to bother me. This heavily
credit-dependent lifestyle makes me feel good and experience things I
couldn't
otherwise, but it also stresses me out every now and then. I tell myself and
I want to stop but I can't seem to! It's almost like an addiction now. It's
frustrating every now and then.
Anyway, logic not prevailing, I have been continuing the same lifestyle. I
don't think I will ever be able to stop it completely but regulating the
habit is something I am looking at now. I have begun to search for some way
in which I could possible get some professional guidance on "how
much" of this indulgence was ok for me at each point. To what extent could I
indulge and still manage to pay my bills and EMIs? To what extent can I
afford to live on credit and yet not be stressed about the bills?! How many
loans can I take and still manage to pay off the EMI's comfortably every
month so that I am not in a situation where I have no money in the last week
of every month!?? For how many months of
the year can I afford to continue paying the minimum on my credit card?
Would any of you be aware of any such service that I can avail of? Who do I
approach for such advice? Would be great if you could write in and advise me
people!
market have superbly enabled us to increase our purchasing power way beyond
what our salaries ever could.
I can now buy just about anything on EMI by availing of these loans and
credit cards - be it a car, a house, expensive jewellery or a branded watch
that costs almost more than 10 times my salary! What bliss.... and all
because of the availability of credit at this age. Its a lifestyle I
so enjoy, but one which I know I must curb at some point. I have been
telling myself that I should stop spending too much on my card because the
bills at the end of the month tend to bother me. This heavily
credit-dependent lifestyle makes me feel good and experience things I
couldn't
otherwise, but it also stresses me out every now and then. I tell myself and
I want to stop but I can't seem to! It's almost like an addiction now. It's
frustrating every now and then.
Anyway, logic not prevailing, I have been continuing the same lifestyle. I
don't think I will ever be able to stop it completely but regulating the
habit is something I am looking at now. I have begun to search for some way
in which I could possible get some professional guidance on "how
much" of this indulgence was ok for me at each point. To what extent could I
indulge and still manage to pay my bills and EMIs? To what extent can I
afford to live on credit and yet not be stressed about the bills?! How many
loans can I take and still manage to pay off the EMI's comfortably every
month so that I am not in a situation where I have no money in the last week
of every month!?? For how many months of
the year can I afford to continue paying the minimum on my credit card?
Would any of you be aware of any such service that I can avail of? Who do I
approach for such advice? Would be great if you could write in and advise me
people!
