Obviously, being overwhelmed with debt is a terrible situation but have you ever thought of the effects it has on others? We all know the effects it has on your ego and self confidence. Do you realize what the effects bad debt has on your wife, children and even your friends?
Bad debt can effect those closest to you:
1. Your Wife: All the people who say money issues shouldn’t have any effect on relationships are kidding themselves. If every time your wife goes to the grocery store only to return and hear you complain about the bill; not only is it unattractive., it’s annoying. Granted, she may say that she understands and will tell you everything is going to be OK; but trust me, it’s written in the genetic code of females to always be attracted to the person who can give her a fuller life. Read Here!
2. Your Children: I don’t personally know what it is like to grow up poor. However, if you continue the path of bad debt, your child is most likely to repeat the cycle. This is where kids learn how to say “I can’t afford it” instead of “I can charge it”.
3. Your Friends: I don’t know about you but I don’t want friends that I have to pay for. If you go out on a Friday night and can’t pick up a round of drinks I suggest you stay home or drink water. Your friends will say its OK picking up the tab the first couple of times but it will get old fast. Think about it!
The TRUTH is that no one thinks of the of the other people that their debts can effect. From having to live with your parents to asking a co-worker for a ride home cause your car has been repossessed. It sucks to have to go through that. So think about it next time you pull that CHASE card.
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