The Wonderful Age of Debt

Anywhere you look you can see debt. Everyone typically has accumulated there own debt by the age of 20. Credit card companies make it easier and easier to gain access to their wonderful pieces of plastic. Many people have a wallet packed full with credit cards, with varying interest rates, which isn't necessarily a bad thing, unless you use them everyday. Shopping, dining, school, bills, there are countless numbers of reasons spend money that they don't have. I know several people who may not have funds in the bank so they just whip out on of there many credit cards. I often wonder how they're going to pay these careless purchases and the additional interest off. In my eyes, if it is not a major necessity you don't need it if you cannot afford it. Having a credit card isn't a bad thing; it could be ideal in case of an emergency and it helps to establish a credit score if you pay it off and don't keep racking up the bill. Just think about your spending habits and your sure enough to not let debt eat you alive!