Debt is Not Cool
Author E.E. Cummings, when talking about his debts, is reported to have said, “I am living so far beyond my income that we may be said to be living apart.” Humorous as it may sound, being in debt is never cool.
Many of us are guilty of self-comforting ourselves with messages like, “A little debt won’t hurt, will it?” But it’s this kind of thinking that can lead to a debt nightmare, particularly if you’re not sure how to manage debt. While you may think it’s cool to have the latest fashions or gadgets or vehicles, remember: it is not cool to be in debt.
Credit and debt keep us fixated on the past and the future. Part of our attraction to debt is the illusion of success and emotional high from buying new things without having to part with our money. Others see our buying power and assume we’re successful individuals.