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How can Tough to Resist the Stealth of Debt ?

How can Tough to Resist the Stealth of Debt ?


Our fight and struggle of debt are not yet over; however we have the support of several debt relief options provided by the debt settlement companies. It is largely because debt and its influences are all around us and most of them enter our life in stealth or in our unknown. As we make our way through life there are certain expenses we need to incur to help us on our way and there are other smaller discretionary expenses that we don't need to but feel obliged to incur. To start with we encounter the mortgage debt which can be justified by the need for our house and shelter for our family. We buy a home and avail for the home loans thinking it to be as an important asset and we did more so as everyone else is doing the same thing. Just as we gather confidence and comfort for our new possession, we become a little greedier and draw some equity for some other luxuries like holidays and parties. Next, as we settle our life and style in our newly bought house, we become restless to re-furnish and embellish it with all the gorgeous groceries, furniture, decorative etc and so we got o the furniture store to rack up some more debt.

On top of that it is hard to resist those offers and repayment or pay-later options available on those electronics like TV and like which would be best suited for the new house and hence more debt! After acquiring the home, the furniture and the electronics, all through debt; now begins the real game when the large monthly payments made towards these debts starts making a big hole in your pocket and eats away a major portion of your monthly take home pay. Apart from these one may have to tackle the college and student loans as well which is leaving the person with very little to spend on the so-called necessities like new outfit, Saturday night parties, coffees and eateries, expensive restaurants, the latest gadgets, holidays, entertainment costs, trendy fitness trainers and the list would be unending. True, on a daily basis these expenses look small and manageable but taken over the period of say a month then they don't look so small and manageable; but it would be almost difficult to sit and face the amount of money we spend after these necessities every month which pushes us to acquiring more and more consumer and credit card debts.

Another unavoidable influence of debt manifests itself through student debts which are needed to get us through our college education. The loans needed repaying and as soon as we left college, the pressure was on to find a nice stable job so that the banks could stake their rightful claim on our income. Moreover, too often we find ourselves forced into a race to keep up in monetary terms with our friends, neighbors and relatives. It gets to the stage that we are running just to stand still. Ultimately we end up in a competition that we just cannot win. We get stressed from the constant need to keep up, the need to maintain our social standing by spending. Thus each and every day we live and the ways we deal with our money proves the stealthy nature of debt which finds out one or the other way to enter our financial domain, until we start checking and re-checking its crawling steps.
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How can Tough to Resist the Stealth of Debt ?