Quote from: Raflesia on February 15, 2024, 07:33:41 PM

Quote from: freedomgo on February 11, 2024, 10:37:32 PM

Most likely, it’s a wrong management of finances. Although taking a loan sometimes may be inevitable, but if you are doing it regularly and seems like you rely on it on every financial problem that arrives, then I must say you’re actually not doing the right thing. Do not tolerate yourself because in the end, you will only see yourself drown into debt.

Instead, save a little no matter how you find it hard to save. Manage your finances wisely, even if it means being deprived with comfortability in life but as long as you do it for future benefits, then it’s definitely worth doing.

Being trapped in a situation where we have to look for loans in order to pay other debts is indeed a trap that sometimes makes us someone who is difficult to make changes but on the other hand it is difficult to get out of a zone like this if not with a strong desire to make a gap and improve yourself.

Money management is sometimes very easy to say but difficult to do especially for those who are in a low economic strata that requires them to take loans so that they can still survive in a hard life like now but I agree if indeed the tendency to borrow money actually makes your risk of destruction stronger.

In life there are certainly ups and downs, therefore it is not strange if we experience events that require us to borrow money, whether from the bank or from other people. but what is clear is that this is actually tricky but also helpful. For example, if we have an accident and don't have enough savings, maybe the only way is to take out a loan, but even though this is a trap, it can help. People nowadays tend not to think about the future, so they only have money to prioritize pleasure.

having savings or an emergency fund is important, because in my opinion this can help us in the future to deal with unexpected things such as accidents that require hospital treatment costs, and of course that's not a small amount, therefore we should be able to save in addition to future also for sudden needs. What you say is true, money management is sometimes easy to say, not easy to do or implement, many people experience wasting money by buying things that are actually not that important to them, and I think they don't think about the future or save. In my opinion, recording expenses must be done, the aim is to minimize unnecessary expenses, before spending money to buy things that are not too important, you have to think about it first and consider it well.