But we have to take care of this unexpected expense, so we go out and open up another credit card. And the vicious cycle continues. It s up to us, to figure out if our spending is spinning out of control and if it is, how we are going to begin managing it. Finances are the number one cause for divorce in American today. Take time to stop and think how many times you have fought over bills or not having money to purchase something one of you has wanted.
Debt causes undue stress which can escalate into many physical as well as mental health problems.
The more debt we incur, the less freed money we have to follow our dreams. Debt has a way of preventing home maintenance and auto repairs. Debt prevents us from enjoying life. We end up spending half our life working to pay for the interest on things purchased in the past. The pleasure of that item has long been gone, and resentment begins to set in.