Living beyond one's means

@Tomcat27 (112)
March 29, 2007 3:45am CST
should the average person live beyond his means especially if hes' only earning within the minimum wage bracket? here in manila, i've noticed there are 2 things that almost everyone has or desiring to have - either an expensive mobile phone or a motorcycle, or even both. sometimes it leads me to the question: are they necessary of just plain vanity? i dont mean to be rude nor am i bitter because i don't have neither of those. it's just even the humblest owns a phone with camera or a souped-up motorcycle. now i understand the fact that we all have to reward ourselves sometimes, but to loan money just to own those without even thinking of means how to repay what they owe or sacrifice one's family's needs (food, education, etc...) is a totally different thing. what can you say about these kind of people?
1 response
@shooie (4986)
• United States
29 Mar 07
Money - Don't Spend it if you ain't got it
Well I see it this way. If you can afford it and it doesn't put a hard ship on the things you need in life more power to you. If you can handle the payments on a loan to get the motorcycle more power to them. We have a Cell phone but is the one you add minutes to it. We only got one like that because we like to have one when we are on the road or if either of us is on the road and the other one isn't. Have taken a loan or two out to get something I wanted but not really need. Sometimes you just want to. I don't recommend it if you don't think you can pay it back. But I see what you are saying though. There are people that get things and loans when they shouldn't because they can't really afford it and yes food and education and things of that nature should always come first.
@Tomcat27 (112)
• Philippines
29 Mar 07
i myself had loaned to get what i want, out of vanity perhaps. but i agree with you, there really is nothing wrong with it as long as you could still make both ends meet and still have some extra to spend