CUT YOUR CLOTH ACCORDING TO YOUR SIZE

@ssh123 (31086)
India
October 23, 2006 1:51am CST
Probably this proverb denotes one should spend according to his capacity, after allocating for family savings. The credit cards are tempting us so much that we are going into debt traps. Similarly consumerism is also driving us crazy. Money is spent beyond our capacity due to mass influence. Anything like this have you experienced? Please with 1 instance, respond.
1 person likes this
4 responses
@zeus1a (1047)
• Netherlands
9 Nov 06
I totally agree with this statement.Personally i haven;t experience an occasion where i would spend more than i have.Actually i could say i am of this opinion to have some savings for times of emergency.I dont understand people that get cards they spend and when they have to pay the money back they are AMAZED of how this happened.Consumption is good, but we all have a mind that can think putative consequences!
@ssh123 (31086)
• India
10 Nov 06
You said it very right. The credit cards are pushing people to debt traps.Thanks for your excellent response.
@Sunset50 (1397)
• United States
9 Nov 06
That is so true. With Christmas coming up soon in America, many will overspend and then spend the year trying to catch up again. YesI have overpent before and regretted it later.
@ssh123 (31086)
• India
10 Nov 06
Nevertheless, what is important is realization, though late. Our grand parents, parents used to advise us not to overspend, but I did not heed to their appeals. What a vision they had on life! Thank you for your response.
@rladiga00 (1166)
• India
23 Oct 06
Very well said. This is age old saying. Sometimes, I buy more than required and next month I will be in lot of trouble to adjust the purchases to the budget. overspending will always result in less spending next month and it is difficult to forego certain things dur to lack of funds.
@ssh123 (31086)
• India
23 Oct 06
thanks for your response.
@pkps1968 (415)
• India
24 Nov 06
We have to limit our expences according to our income! Otherwise the ship will sink