Debt Free Living Provides Freedom
As a college student, and person in America, I am continually exposed to "opportunities" to buy on credit, increase my line of credit, or buy things now without having to pay for them until later. While all of these concepts seem attractive on the surface, they have serious consequences. As I read this debt article, I learned that debt has more than just a financial impact on one's life. When people are seriously in debt for items other than the basic car, or home, etc., they also can feel the affects emotionally, with depression being a major symptom. I think that this information makes a lot of sense. If you are constantly living on "borrowed money" to get through everyday life, I believe people have the potential to feel very overwhelmed, and helpless. To me, spending less you make provides freedom from the worry, and stress of how to come up with money you don't have for items you already "bought". With costs of living as high as they are, including astronomical prices for housing, healthcare, energy, and food, etc., it is no wonder that many find themselves in debt, however with determination, and careful planning, it is possible to live within a budget, and in doing so, people will experience optimal financial, and emotional health.
Posted by Morgan at 11/26/2005 12:45:00 PM