Savings and Debt

America is full of people who like quick easy options. Theres not much work involved and all the benefit is immediate. Credit cards are perfect for these type of people. Sign up, spend and poof! flat screen plasma! new leather couch! gucci heels! But wait...theres a letter in the mail saying you need to pay a minimun balance and if you dont your interest rate will increase. Only in this moment do immediate satisfaction consumers realize their goods werent free but rather they spent money they didnt have which they will eventually need to pay back.

The article in the new york times talks about a couple who are in thousands of dollars in debt plus they need to support a family and pay the mortage. At first I started to feel for them. They got in way over their heads and all the things they pay for are NECCESSARY! But wait. In the last paragraph I felt complete disgust.

Both say they could manage better if they just had the time
“It’s been almost two weeks since we’ve had time to sit down and go over the bills,” Ms. Moellering said. “You can’t do it every day because we both work full time. I’ve got two kids; they want all our attention; they haven’t seen us all day. We’re trying to cook dinner. We have to do the dishes, fold the laundry. We’re exhausted. And on the weekends the kids want our attention, and we want to spend time with them; we don’t want to spend time going through the bills.”

Excuses. Excuses. Excuses.
This couple is in debt, theyre so busy, theyre tired, they dont have time to go through the bills! This is why I have no pity for people in debt. Some fail to realize any situation dealing with money is serious and cannot be taken lightly.

Unfortunately, its so easy to just sign your name on the dotted line and immediately start spending. Americans need to educate themselves and their children because being financially stable is a crucial part of a happy healthy life.

In the meantime I dont plan on signing up for any credit cards. I have a checking account and I am content knowing what I spend is money ive earned.
Stories like these make me realize how stupid Americans are and how I must strive to become the opposite so my children can do the same.