Why ARE people in so much debt?
Hello - this is my first post after 'lurking' for a while, and I hope it doesn't come across as churlish or insensitive, but I'd really like to know why this country is drowning in so much debt! Obviously if a family's main breadwinner loses their job, or becomes ill etc. it's understandable that folks will have to tighten their belts as it were, but we seem to all want the newest, biggest, most fashionable, most hyped 'things' on the never-never! I've always hated the thought of owing money to anyone, and if I have to wait another year to renovate my kitchen, then so be it - I'll WAIT until I've saved the cash to do it! I drive an ancient car that cost me £750 (cash) 4 years ago, all my bills are paid through direct debit, we don't really use any credit cards (through choice) and my ONLY debt is my £45,000 mortgage. Me and Hubby are both in fairly low-paid jobs, but we actually LIKE it that way - a stress-free simple life in a place we love, and to Hell with keeping up with the Jones's! We buy all our clothes from charity shops and furnished the house throughout by attending auctions etc. All our appliances are refurbished second-hand machines, and we don't give a fig if the washing machine doesn't match the freezer - they're not works of art for Heaven's sake!! Don't give in to rampant consumerism and DON'T even try to keep up with the mythical Jones's - Drag 'em down to your level!!! Sorry if this has been a bit of a rant, and I must learn how to indent paragraphs - total Luddite!
"I'm ready for my close-up Mr. DeMille...."
This discussion has been closed.
★ ★ ★ Meet your Ambassadors
- All Categories
- 341.6K Banking & Borrowing
- 249.7K Reduce Debt & Boost Income
- 449.1K Spending & Discounts
- 233.7K Work, Benefits & Business
- 605.8K Mortgages, Homes & Bills
- 172.4K Life & Family
- 246.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 15.8K Discuss & Feedback
- 15.1K Coronavirus Support Boards